Company Earnings Update 3 minutesRegister for Free AccessPRIMARK (LSE: ABF) FY18 Results: Strong Summer Sell Through, Weakening US Dollar Revives Margins Coresight Research November 7, 2018 Executive Summary Associated British Foods (ABF) reported results for FY18 ended September 15. This report focuses on results for Primark, the company’s retail business. Primark grew FY18 sales by 5.2% at constant currency, driven by a strong UK performance. Operating profit jumped 15% (13% at constant currency) to deliver an operating margin of 11.3%, up 90 basis points (bps) from FY17. During the year, Primark expanded retail selling space by a net 0.9 million square feet. The retailer plans to add over 1 million square feet of net selling space in FY19. 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: China Retail Unveiled: In-Depth Insights Presented at FIRA 2024 Annual MeetingConsumer Caution Grows: China Consumer TrackerUS CPG Sales Tracker: Health & Beauty Helps Online Growth Remain in the Mid-Teens Percentage Range in AprilFebruary 2024 US Retail Sales: Growth Accelerates—Electronics Stores Rebound; Nonstore Retailers See Strong Growth