Company Earnings UpdatePrimark (LSE: ABF) FY18 Pre-Close Trading Update: Increased Selling Space Drives Sales Growth Coresight Research September 11, 2018 Executive Summary Primark’s parent, Associated British Foods (ABF), reported its FY18 pre-close trading update on September 10. This report focuses on results for Primark, the company’s retail division. Primark guided its FY18 sales to grow 5.5% year over year on a constant currency basis, driven by an increase in selling space, offset by a 2% decline in same-store sales. The company expects its operating margin for FY18 to be 11%, well ahead of the 9.8% reported in 1H18 and last year’s margin of 10.4%, led by favorable exchange rate movement. 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: Inflation Awareness Rises; Economic Sentiment Falls to Six-Month Low: US Consumer Survey InsightsUS CPG Sales Tracker: In-Store CPG Sales Fall While Beauty Remains ResilientInnovator Profile: Scrollmark—Automating Social Engagement and Conversions Through Community-Led WorkflowsSeasonal Shopping, 2Q25—Expectations for Easter, Memorial Day, Mother’s Day, Father’s Day; Plus, Holiday 2025 Plans: US Consumer Survey Insights Extra
