Company Earnings UpdatePrimark (LSE: ABF) FY16 PRE-CLOSE TRADING STATEMENT: NEGATIVE COMPS AND MARGIN COMPRESSION EXPECTED AT PRIMARK Coresight Research September 13, 2016 Executive Summary Primark’s owner, Associated British Foods (ABF), reported a pre-close trading statement for its FY16 results, the period ending September 17, 2016. Detailed full-year results are expected to be announced on November 8, 2016. Primark revenues are expected to increase 9% year over year at constant currency for FY16 and reported sales are expected to increase 11% year over year. Comparable store sales are expected to decrease by 2% year over year in FY16. Primark’s FY16 operating profit margin is expected to be close to that achieved in 1H16, which was 11.7%, down 90 basis points from 12.6% in FY15. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Analyst Corner: What’s Happening in Beauty Retail?—Analyzing Mixed Performance and Success Strategies with Madhav PitaliyaStretching Budgets and Shifting Choices: Navigating Back-to-School 2025—Data GraphicInnovator Profile: Shopeaks—Transforming Social Media Monetization with Personalized StorefrontsTariffs Prompt Pull-Forward Purchases: What Are Consumers Buying Early?—Data Graphic
