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ABF Associated British Foods Plc

2,686.00
-16.00 (-0.59%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Associated British Foods Plc LSE:ABF London Ordinary Share GB0006731235 ORD 5 15/22P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -16.00 -0.59% 2,686.00 2,692.00 2,693.00 2,714.00 2,665.00 2,711.00 1,253,379 16:35:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Textile Goods, Nec 19.75B 1.04B 1.3790 19.52 20.38B

AB Foods Expects Higher Loss of Sales Amid New Coronavirus Restrictions

31/12/2020 1:30pm

Dow Jones News


Associated British Foods (LSE:ABF)
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From Apr 2019 to Apr 2024

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By Matteo Castia

 

Associated British Foods PLC said Thursday that it now expects loss of sales of around 650 million pounds ($885.6 million) due to store closures amid the latest set of coronavirus restrictions.

The company had previously forecast loss of sales of GBP430 million due to store closures for fiscal 2021.

The British conglomerate said 253 stores of its clothing business Primark, representing 64% of its total retail selling space, will be temporarily closed as of Jan. 1.

Shares at 1255 GMT were down 36 pence, or 1.6%, at 2,264 pence.

 

Write to Matteo Castia at matteo.castia@dowjones.com

 

(END) Dow Jones Newswires

December 31, 2020 08:15 ET (13:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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