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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Retail Around the World: Coresight Research Observations, February 2023Weekly US and UK Store Openings and Closures Tracker 2024, Week 11: The Body Shop Closes All US Stores; Dollar Tree, Inc. To Shutter 1,000 LocationsApril 2023 US Retail Traffic and In-Store Metrics: Store-Based Sales Decline as Units Remain NegativeDecember 2022 US Housing Market Indicators: Pending, Existing and New Home Sales All Decline as Affordability Gap Widens