Primark sells bargain-priced clothes. Its products may not exactly be known for their durability, but its owner, Associated British Foods (LSE: ABF) (AB Foods), has endured for decades.

Associated British Foods reduced its full year guidance after like-for-like sales for Primark in the UK and Ireland, which account for 45 per cent of the retailer’s sales, fell six per cent.

Associated British Foods issued a trading update for the 16 weeks to Jan. 4 (the first quarter of fiscal 2025). Primark's like-for-like sales declined 1.9%, hit by a weak retail trading environment.

Associated British Foods shares dropped 30%, yet profits and cash flow improved. Read here to know why we believe ASBFY stock ...

Some 40% of sales are in the U.K., and Primark generates more than half of the firm’s operating profit. Read More on GB:ABF: Associated British Foods NewsMORE Related Stocks Indices ...

January 23, 2025 Primark cuts sales outlook after UK's weak Christmas quarter Associated British Foods cut annual sales guidance for its Primark budget fashion retailer after reporting weak ...

23 gen - Associated British Foods (ABF) said that in the 16 weeks to January 4 sales fell 2.2% year on year to 6.732 billion pounds. At constant exchange rates, sales were up 0.5%. Primark ...

The board of Associated British Foods plc ( LON:ABF ) has announced that it will be paying its dividend of £0.693 on... George Weston, the chief executive of Primark owner Associated British ...

As of 3:48:30 pm GMT. Market open. Let's talk about the popular Associated British Foods plc ( LON:ABF ). The company's shares received a lot of attention... Primark said sales in the UK and Ireland ...