AB Foods 16-Week Revenue Hit by Store Closures, Primark Sales Down 30%
14 Enero 2021 - 1:54AM
Noticias Dow Jones
By Sabela Ojea
Associated British Foods PLC said Thursday that revenue for the
first 16 weeks of fiscal 2021 declined, with clothing retailer
Primark hit by the closure of stores.
The FTSE 100 company said revenue for the 16 weeks ended Jan. 2,
2021 fell to 4.08 billion pounds ($5.56 billion) compared with
GBP5.51 billion for the same period a year earlier.
The British conglomerate said Primark sales were 30% lower than
in fiscal 2020, adding that its full-year sales and adjusted
operating profit are expected to be somewhat lower than last year.
Currently 305 stores are closed, which represent 76% of its retail
selling space.
Revenue at the company's sugar business rose to GBP545 million
from GBP512 million, while grocery business revenue increased to
GBP1.22 billion from GBP1.14 billion.
Agriculture revenue rose to GBP507 million from GBP463 million.
AB Foods said trading across grocery, sugar and agriculture was
ahead of views.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
January 14, 2021 02:39 ET (07:39 GMT)
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