Company Earnings Update 3 minutesRegister for Free AccessPrimark (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? Register for a free user account. This document was generated for Other research you may be interested in: Pioneer the Future of Retail at NextGen Commerce, a Coresight Research AI Conference—Event PreviewFashion Footprint: Real Estate Expansion and Store Downsizing in the US Apparel Retail MarketData Dive: Mapping Bed Bath & Beyond Store Closures—States Impacted and Retailers Likely To BenefitWeekly US and UK Store Openings and Closures Tracker 2024, Week 39: UK Store Openings Up 13% Year Over Year
