Associated British Foods plc (ABF.L,ASBFY.PK) reported that Group revenue increased 10% during the 16 weeks to 5 January 2013 from last year. The Group said year to date trading was ahead of its expectations driven by the outstanding performance from Primark, with the rest of the group performing in line.
Sales at Primark was up 25% from same period last year and 27% ahead at constant currency. The Group said this was driven by very strong like-for-like sales growth, a substantial increase in retail selling space and superior sales densities in the larger new stores. Like-for-like growth benefited from comparison with weak sales during the unseasonably warm autumn of 2011 and good trading over the Christmas period.
The Group continues to expect full-year result for AB Sugar to be lower than last year but anticipates this will be more than offset by growth at Primark and some recovery in Grocery.
Associated British Foods currently expects to make further progress in adjusted operating profit for the full year, with the improvement heavily weighted towards the first half.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.