Primark Beats Expectations with Lower Sales and Cost Cuts
In a recent announcement, Associated British Foods revealed that their subsidiary, Primark, is expected to surpass its Q4 FY21...
AB Foods
AB Foods Warns of £1.1bn Sales Hit for Primark Amid Store Closures
In a recent warning, Associated British Foods (ABF), the owner of clothing retailer Primark, predicts a loss of over...
AB Foods Warns of Coronavirus Impact on Primark Supply Chain and Sales
In a pre-close trading update, AB Foods warns of potential supply disruptions for Primark due to the coronavirus outbreak...
Primark Reports Declining Sales but Gains Market Share
Primark, owned by Associated British Foods (AB Foods), anticipates a 2% drop in like-for-like sales until September 14th. However,...
Primark Sales Impacted by Unseasonable Weather but Revenue Up 2% YoY
Despite a decline in like-for-like sales, budget retailer Primark's parent company, AB Foods, reports a 4% increase in year-to-date...
Primark’s Profits Soar 25% Amid Expansion and Favorable Exchange Rates
Primark's half-year operating profit surges 25% to £426m due to increased retail selling space and improved margins. Sales were...
Primark’s Store Expansion Fuels Festive Sales Growth
Primark, a popular fashion retailer, experienced a 4% increase in sales during the festive season due to expanded store...
Primark Sales Dip in Autumn Due to Warm Weather, Profit Growth Expected to Recover
Unseasonably warm weather in October led to a 1% drop in Primark's sales during the 24 weeks leading up...