Primark owner ABF set to reveal consumer demand amid cost crunch
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Primark owner Associated British Foods is set to shed light on how consumer demand has fared over the summer and how costs have fluctuated across its wide range of divisions in retail and grocery. Bosses said it is in line to see a figure “moderately ahead” of this, with analysts predicting it will post a profit of £1.47 billion, with this set to increase further next year. Spending on food and drink has remained robust over the past year, according to industry data, and price rises have helped to drive sales growth since last year.
History of this topic
Primark boss says weight of Budget tax rises ‘falling on high street’
The Independent
Primark earnings jump higher despite weather hit to summer ranges
The Independent
Primark festive sales rise after warm autumn weather hit
The Independent
Primark owner ABF raises profit outlook again as costs ease
The Independent
Focus on consumer demand and pricing as Primark owner updates investors
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Record Christmas sales at Primark boost revenues for owner ABF
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Primark pledges no new price rises before autumn 2023 as customers tighten belts
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Primark owner AB Foods set for profit fall next year amid cost-of-living crunch
The Independent
Primark to launch new click-and-collect trial - but ‘won’t ever’ provide home delivery service
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Primark to launch new click-and-collect trial
The Independent
Inflation in focus as Primark owner prepares to update shareholders
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Primark sales to jump 60% after pandemic recovery
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Primark will not raise prices despite surging costs, bosses promise
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Primark sales ‘lower than expected’ after pingdemic hits customers
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Primark sets new sales records after post-lockdown demand surge
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