Company Earnings UpdatePrimark (LSE: ABF) 1H17 Trading Update: Flat Total Comparable Store Sales; up 2% in the UK Coresight Research February 28, 2017 Executive Summary Primark’s owner Associated British Foods (ABF), provided a preliminary trading update for 1H17 sales results for the six months ending March 4, 2017. We focus only on Primark, ABF’s retail division, in this flash report. Primark revenues are expected to increase 10% year over year at constant currency for 1H17and reported sales are expected to increase 22% year over year. The company increased selling space by 12% year over year in 1H17. Total comparable store sales were flat, but for the UK increased by 2% year over year. Primark forecasts that operating profit margin in 1H17 will decline, reflecting increased input costs due to US dollar strength. 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: Retail Crime and Shrink: US Shoppers Concerned About Theft Pushing Up Prices; Shoplifting Surges to Record Levels in EnglandThree Data Points We’re Watching This Week, Week 15: US CPG LatestInnovator Profile: Chimeable—Generating Authentic Reviews and Scaling User Videos Through Social Media SyndicationAnalyst Corner: Why Growth in US CPG Unit Sales Has Stalled, with Sujeet Naik
