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Primark (LSE: ABF) 9M18 Trading Update: Improved Comparable Sales Driven by Better Trading in the Eurozone

Executive Summary

  • Associated British Foods (ABF) reported its 9M18 trading statement for the 40 weeks ended June 23, 2018. This report focuses on Primark, the company’s retail division.
  • In its 9M18 update, Primark reported a year-over-year revenue increase of 7% and an increase of 6% at constant currency.
  • Primark has expanded its selling space by 0.8 million square feet since the beginning of the fiscal year.
  • For FY18, management expects improvement in Primark’s margins to result in higher profit growth.

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