Company Earnings UpdatePRIMARK (LSE: ABF) FY18 Results: Strong Summer Sell Through, Weakening US Dollar Revives Margins Coresight Research November 7, 2018 Executive Summary Associated British Foods (ABF) reported results for FY18 ended September 15. This report focuses on results for Primark, the company’s retail business. Primark grew FY18 sales by 5.2% at constant currency, driven by a strong UK performance. Operating profit jumped 15% (13% at constant currency) to deliver an operating margin of 11.3%, up 90 basis points (bps) from FY17. During the year, Primark expanded retail selling space by a net 0.9 million square feet. The retailer plans to add over 1 million square feet of net selling space in FY19. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Shaping What’s Next in Retail—Physical Retail, AI, Retail Media: Insights from NextGen 2025, a Coresight Research ConferenceUS CPG Sales Tracker: Sharp Beauty Rise Drives CPG Growth in December 2024Financial Sentiment Improves; Plus, Online Shopping in Focus: US Consumer Survey InsightsMay 2025 US Retail Sales: Core Sales Growth Proves Solid Despite Pull-Forward of Purchases
