Company Earnings Update 3 minutesRegister for Free AccessPrimark (LSE: ABF) FY19 Pre-Close Trading Update: On Track for Full-Year Margin Increase but FY20 Will Be Tougher Coresight Research September 10, 2019 Executive Summary Primark’s parent, Associated British Foods (ABF), reported its FY19 pre-close trading update on September 9. This report focuses on Primark, the company’s retail division. Primark FY19 comps were down 1% in the UK, down 3% in the eurozone and up (by an unspecified amount) in the US. Management expects to report a full-year increase in operating margin. Management expects to see a reduced margin in FY20, due to the strengthening of the dollar and the weakening of the pound. 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: Shoptalk Europe 2023 Startup Pitch Competition: Preview—10 Innovators, Three Areas of Retail DisruptionChina Consumer Tracker: Consumer Sentiment RisesJanuary 2024 Leading Indicators of US Retail Sales: Higher Inflation Hints at Weakened Retail Sales To Start the YearWeekly US and UK Store Openings and Closures Tracker 2023, Week 30: US Openings Up 7%
