Primark (LSE: ABF) 9M19 Trading Update: Lower Markdowns and Better Buying to Boost Margins

Executive Summary

• Associated British Foods (ABF) reported its trading update for the 40 weeks ended June 22. This report focuses on Primark, the company’s retail business.
• Primark grew its year-to-date sales by 4% at constant currency and as reported.
• For FY19, Primark expects modest growth in net profit and expansion in the operating margin.