AB Foods Cuts Primark Growth Target on Weak Fall Sales
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2025
0mins
Should l Buy ?
Source: WSJ
Sales Growth Forecast Adjustment: Associated British Foods has lowered its sales-growth forecast for Primark due to disappointing performance in the U.K. and Ireland amid a tough retail climate.
Future Sales Drivers: The company anticipates that future sales growth for Primark will primarily come from new store openings rather than existing sales performance.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
