ABF Associated British Foods Plc

2,635.00

-51.00 (-1.90%)

26 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
	-51.00	-1.90%	2,635.00	2,629.00	2,631.00	2,700.00	2,630.00	2,693.00	1,308,941	16:35:06

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Textile Goods, Nec	19.75B	1.04B	1.3790	19.07	19.91B

AB Foods Sees Higher Fiscal Year 2021 Primark Revenue, Profit Despite GBP430 Million of Lost Sales

04/12/2020 7:45am

Dow Jones News

Associated British Foods (LSE:ABF)
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By Matteo Castia

Associated British Foods PLC said Friday that it expects to have lost sales worth 430 million pounds ($578.4 million) due to store closures this autumn, but that it still anticipates full-year Primark revenue and profit to beat fiscal 2020 results.

The British conglomerate said sales since reopening shops last week have been strong, driven by its clothing arm Primark's offering.

The company said it expects its sugar business to deliver a higher profit for the whole of fiscal 2021 too.

"At this early stage in our new financial year, trading across grocery, sugar, ingredients and agriculture has been ahead of both expectation and last year," AB Foods said.

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

(END) Dow Jones Newswires

December 04, 2020 02:30 ET (07:30 GMT)