Insight Report 3 minutes PremiumPrimark (LSE:ABF) 1H16 Results: Revenues Rise, but Margins Take a Dip Coresight Research April 19, 2016 Executive Summary Primark’s revenue was £2,667 million for 1H16 (ended February2016), up 4.7% from 1H15. Its interim operating margin fell by 91 basis points year over year, to 11.7%. Primark’s parent firm, Associated British Foods (ABF), reported adjusted basic and diluted EPS of 46.1 pence for the period, unchanged from 1H15 but above the consensus estimate of 42 pence. The company noted that Primark has been well received by customers in the US since its launch in the country in September 2015. Management said that “footfall and sales density have increased steadily as awareness of the Primark brand…continues to grow.” This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: US Consumer Tracker: Fewer Consumers Trade Down To Combat InflationDecember 2023 Monthly Consumer Update: US, UK and ChinaHead-to-Head in UK Apparel Retailing: Boohoo vs. PrimarkMacy’s $5.8 Billion Buyout Bid: A Symphony of Risk and Opportunity