Company Earnings UpdatePrimark (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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: US Beauty Retailing: Market Forecast and Competitive Landscape—From Rebound to Reinvention in 2026Analyst Corner: UK Retail Crime Soars—Visibly Reflected in Stores, with John MercerThree Data Points We’re Watching This Week, Week 11: US CPG E-Commerce LatestAnalyst Corner: Cutting Through AI News Flood with the Coresight Research AI IMPACT Framework, with Charlie Poon
