Insight Report 3 minutes PremiumPrimark (LSE: ABF) FY16 RESULTS: SOFT COMPARABLE SALES AND RAPID SPACE EXPANSION Coresight Research November 9, 2016 Executive Summary Primark’s owner Associated British Foods (ABF), reported its FY16 results for the year ended September 17, 2016. This flash report will only focus on Primark, ABF’s retail division. Primark revenues for FY16increased 9.0% year over year at constant currency, and reported sales increased 11.0% year over year to £5,949 million. Comparable-store sales decreased by 2.0% year over year. For FY16, Primark’s operating profit margin was 11.6%, down 100 basis points from 12.6% in FY15, driven by the euro’s weakening against the US dollar. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: February 2024 US Retail Sales: Growth Accelerates—Electronics Stores Rebound; Nonstore Retailers See Strong GrowthPositive Thinking—Shoppers Remain Optimistic in Economic Outlook: China Consumer Survey InsightsHead-to-Head in Global Convenience-Store Retailing: Seven & i vs. Alimentation Couche-TardInnovator Profile: Machyna—Revolutionizing Retail with Smart Shopping Carts and Baskets
