Associated British Foods PLC

Associated British Foods Plc engages in the business of manufacturing and trading of consumer goods. It operates through the following segments: Grocery, Sugar, Agriculture, Ingredients and Retail. The Grocery segment produces beverages, sweeteners, vegetable oils, bread, baked goods, cereals, herbs and spices, and meat products. The Sugar segment processes and markets sugar beet and sugar cane. The Agriculture segment produces and distributes animal feeds. The Ingredients segment manufactures bakers' yeast, enzymes, lipids, yeast extracts, and bakery ingredients. The Retail segment sells clothes and accessories through the Primark and Penneys retail stores. The company was founded in November 1935 and is headquartered in London, the United Kingdom.

Associated British Foods plc (OTCPK:ASBFY) Q4 2024 Earnings Call Transcript November 5, 2024 4:00 AM ET Company Participants George Weston - CEO Eoin Tonge - CFO Conference Call Participants William Woods - Bernstein Warwick Okines - BNP Paribas Exane Clive Black - Shore Capital Richard Chamberlain - RBC Gary Martin - Davy Sreedhar Mahamkali - UBS Ashton Oaks - Redburn Warren Ackerman - Barclays Georgina Johanan - JPMorgan Adam Cochrane - Deutsche Bank George Weston Thank you all, then, very much for coming to this review of ABF full year results for the 52 weeks ended 14th of September 2024. And I'm aware that there are some people online, and welcome to you too.

Associated British Foods plc (ASBFY) Q4 2024 Earnings Call Transcript

Primark could shift investment away from the UK in response to higher taxes on businesses, its boss has signalled. George Weston, chief executive of Primark owner Associated British Foods PLC (LSE:ABF) (ABF), said Tuesday that the company was facing a surge in costs after last month's Budget.

Primark owner signals investment could shift from UK as taxes weigh

Budget clothing retailer Primark is expecting to trade well in the run-up to Christmas, the boss of its parent said on Tuesday.

Primark expecting a good Christmas, says parent's boss

Associated British Foods PLC (LSE:ABF) (ABF) has hiked its final dividend and announced a new £500 million share buyback on a surge in full-year profit. A total 90p per share dividend was declared in full-year results on Tuesday, against 60p in 2023, incorporating a special reward of 27p.

Primark owner ABF hikes dividend, buyback as profit jumps

Associated British Foods reported a 32% rise in full-year profit, with a robust performance from its grocery division and a solid outcome from its Primark clothing business partially offset by accelerating weakness in its sugar operations.

Primark-owner AB Foods profit up 32% but sugar weighs on outlook

Primark owner Associated British Foods PLC (LSE:ABF) previously set the stage for a drop in fourth-quarter sales across the UK on the back of poor weather conditions. Updating in September, the group noted like-for-like sales in the UK were predicted to fall by 2% over the second half of the year as “unfavourable weather” hit footfall.

Primark owner ABF set for weather-dampened sales in results

Primark owner Associated British Foods PLC (LSE:ABF) faced a blow on Friday morning as Deutsche Bank wound down expectations after the firm's own warning on Thursday. ABF's update had shown Primark sales down on a like-for-like basis over the first half of the year, while profits from its sugar business were lower than expected.

Primark owner ABF hit again as Deutsche cuts forecasts

The London headquartered company, which owns is a major supplier of sugar to the European food and drinks industry, said a market glut will continue to hit profits from its sugar business.

Associated British Foods shares drop on hit from sugar market slump

Wet weather in Britain hit fashion business Primark's summer sales, but better performance elsewhere kept operating profits steady, owner Associated British Foods said on Thursday.

Wet weather hit Primark's UK summer sales, owner AB Foods said

Primark's like-for-like sales went into reverse in the second half of its financial year, today's update from parent company Associated British Foods PLC revealed, with sugar profits also lower than expected but a £100 million share buyback to help sugar the pill.  LFL sales fell 0.5% in the half year to 14 September, while total revenues were up 4% thanks to new store openings.

AB Foods says Primark sales slide as bad weather hits shopper numbers

Associated British Foods PLC (LSE:ABF) is among the big names reporting next week (on Tuesday 10 September) with the bulls (ShoreCap) expecting it to underline its strengths. Namely for the broker, this means a strong positive culture and sense of purpose, shareholder friendliness, both growth ambition and financial prudence, and a generally high-quality mix of businesses.

AB Foods visibility an issue in next week's trading's update

After a strong 2023, Associated British Foods' share price is again lagging. In the meantime, however, business fundamentals continue to improve and margins are near record highs. Primark growth is accelerating, while the outlook for the Grocery and Sugar divisions is also on a strong footing.

Associated British Foods: Lagging Market Sentiment Has Created A Buy Opportunity

Supermarket suppliers Associated British Foods PLC (LSE:ABF) and Bakkavor Group PLC (LSE:BAKK) were under pressure in early trading after the latest data revealed that UK shop prices had hit reverse gear for the first time in three years. The British Retail Consortium figures for August showed an overall decline of 0.3% year-over-year.

Shop prices down for the first time in three years; AB Foods and Bakkavor endure collateral damage

Here is how Associated British Foods PLC (ASBFY) and Edgewell Personal Care (EPC) have performed compared to their sector so far this year.

Is Associated British Foods (ASBFY) Outperforming Other Consumer Staples Stocks This Year?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Associated British Foods (ASBFY) Right Now?

Associated British Foods is a diversified conglomerate and operates in multiple sectors, ensuring a stable revenue stream and reducing dependency on any single market. Recent earnings show strong profit growth, particularly in the grocery and sugar divisions, with a positive outlook for the future. The company's solid balance sheet, share buyback program, and discounted valuation make it a compelling investment opportunity with a buy rating.

Associated British Foods: Solid Fundamentals And Promising Future Growth Make It A Top Investment Pick

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Has Associated British Foods (ASBFY) Outpaced Other Consumer Staples Stocks This Year?

Should Value Investors Buy Associated British Foods (ASBFY) Stock?

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Associated British Foods owner Wittington Investments has sold a chunk of its shares in the Primark group to keep its stake at around the 56% level. Wittington is the vehicle of the Weston family, which has controlled AB Foods for generations.

AB Foods owner the Westons trim stake after buyback

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