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: US Consumer Tracker: Declines in Avoidance and Shopping ProliferateCoresight Bites: How Much Are Chinese Beauty Shoppers Spending?Where Do Shoppers Cross the Aisle?: US Consumer Tracker Extra, May 2023Weekly US and UK Store Openings and Closures Tracker 2023, Week 1: US Openings Up 17%
