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.

Primark owner Associated British Foods has not done a good enough job of explaining to investors the strategic logic, growth potential and value of its food businesses and must do better, its chief executive told Reuters.

Primark owner to raise game in explaining merits of food businesses, CEO says

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.

Is Associated British Foods (ASBFY) a Great Value Stock Right Now?

Associated British Foods: A Nearly 50% Dividend Increase Is A Rare Sight

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CIB, TAK and ASBFY made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 25, 2024.

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Associated British Foods plc (OTCPK:ASBFY) Q2 2024 Earnings Conference Call April 23, 2024 4:00 AM ET Company Participants George Weston - CEO Eoin Tonge - CFO Conference Call Participants William Woods - Bernstein Richard Chamberlain - RBC Clive Black - Shore Capital Gary Martin - Davy Adam Cochrane - Deutsche Bank Warwick Okines - BNP Paribas Exane Anubhav Malhotra - Liberum Paul Rossington - HSBC Warren Ackerman - Barclays Grace Smalley - Morgan Stanley Georgina Johanan - JP Morgan George Weston So good morning and thank you for coming to this review of the Interim Results for the 24 Weeks Ended March 2, 2024. Obviously, these are a strong set of results.

Associated British Foods plc (ASBFY) Q2 2024 Earnings Call Transcript

Primark owner Associated British Foods PLC (LSE:ABF)'s exceptionally strong set of financial results has provided a much-needed sentiment boost for the London stock market. It wasn't just cornerstone asset Primark driving profits; the group's grocery segment grew operating profits by a chunky 34%, while the ingredients division grew by 16%.

Primark owner's profit bonanza suggests a mood shift in London

Shares of Primark owner Associated British Foods PLC (LSE:ABF) surged 9% following a robust first-half financial performance, driven by substantial margin recovery and operational enhancements, prompting it to upgrade its full-year forecasts. Despite a modest 2% rise in group revenue to £9.7 billion, adjusted operating profit soared 39% to £951 million, and adjusted earnings per share increased by 46% to 90.4p.

AB Foods receives City thumbs up after stellar half

Primark owner Associated British Foods PLC (LSE:ABF) benefited from strong margin recovery and operational improvements in the first half to deliver a bumper set of interim results. Though group revenue only ticked 2% higher to £9.7 billion, adjusted operating profit ran up 39% to £951 million, with adjusted earnings per share (EPS) increasing 46% to 90.4p.

Primark owner AB Foods' profits soar, interim dividend in tow

Primark owner AB Foods reported a higher profit for the first half, benefiting from some normalization of its markets and in the supply chain despite sales coming in below expectations.

Primark Owner AB Foods Profit Rises on Easing Costs

Primark owner Associated British Foods on Tuesday raised its full-year profit outlook as it reported a 39% jump in first-half profit.

Primark owner AB Foods expects 'significant growth' in full-year profit

Primark owner Associated British Foods releases interim results on Tuesday (23 April) having already predicted a year of ‘meaningful progress in both profitability and cash generation' notes broker ShoreCap. Since then, there have been quite mellow non-food sales {Primark] reported across the UK, with the wet weather having an adverse impact.

Primark owner AB Foods tipped for upbeat update

Associated British Foods plc stock has nearly doubled in price since I rated the company as a high-conviction idea. Revenue growth should remain elevated as Primark's expansion in the U.S. gains momentum, while margins are also likely to improve. The share price, however, does not seem to reflect such a scenario, which is good news for shareholders looking to increase positions.

Associated British Foods: There's More Upside After Nearly Doubling In Price

Associated British Foods (ASBFY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Associated British Foods (ASBFY) Upgraded to Buy: Here's Why

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Investors with an interest in Food - Miscellaneous stocks have likely encountered both Associated British Foods PLC (ASBFY) and Kerry Group PLC (KRYAY). But which of these two companies is the best option for those looking for undervalued stocks?

ASBFY or KRYAY: Which Is the Better Value Stock Right Now?

Lower inflation means sales volumes will be a priority for UK apparel retailers in the coming spring, though easier weather comparatives and a reduction in National Insurance contributions will provide a supportive trading environment. Analysts at RBC Capital Markets expect a return to formal and workwear demand in place of last year's trend towards essential basics.

Primark owner Associated British Foods to outperform budget apparel market - analyst

Associated British Foods PLC (LSE:ABF) has made a robust start to the 2024 fiscal year, with its Primark division playing a pivotal role, according to a post-update assessment by Liberum. Repeating its 'buy' advice and £28 a share price target, the boutique investment bank said Primark's 2.1% like-for-like growth was 'commendable' given the challenging comparison against a previous 11% increase.

Associated British Foods making solid progress, with Primark setting pace, says investment bank

Food and fashion Associated British Foods said that sales grew in the first quarter thanks to improving sales at its Primark clothing arm.

Primark Drives Associated British Foods Sales Higher During Q1

Associated British Foods PLC (LSE:ABF) entered 2024 in a chipper mood as it predicted a 'year of meaningful progress'. Unveiling the headway it made in its financial first quarter, ABF delivered revenues of almost £6.9 billion, up 2.8%, or 5.4% at constant currencies.

Associated British Foods 'year of meaningful progress' with Primark back on track

Associated British Foods plc stock outperformed the equity market by a very wide margin. The long-awaited expansion into the U.S. is progressing well, with plans to reach 60 stores by the end of 2026. Primark's margin is also returning to historic levels, leading to confidence in the future of the business.

Associated British Foods: When High Quality Businesses Deliver

RBC Capital has raised its earnings per share (EPS) forecasts and price target (PT) for Associated British Foods PLC (LSE:ABF) (ABF), citing optimism for the company's prospects in its Primark and Sugar divisions. The investment bank, which includes ABF in its Top 30 Global Ideas list, believes Primark has improved its offerings and will benefit from gross margin tailwinds in the fiscal year 2024 (FY24).

Associated British Foods could surprise the market with its robust growth

Investors interested in Food - Miscellaneous stocks are likely familiar with Associated British Foods PLC (ASBFY) and Kerry Group PLC (KRYAY). But which of these two stocks presents investors with the better value opportunity right now?

ASBFY vs. KRYAY: Which Stock Is the Better Value Option?

Associated British Foods plc (OTCPK:ASBFY) 2023 Earnings Call Transcript November 7, 2023 4:00 AM ET Company Participants George Garfield - Chief Executive Officer John Bason - Chief Financial Officer Conference Call Participants Richard Chamberlain - RBC Anne Critchlow - Societe Generale Warwick Okines - BNP Paribas Exane Nick Coulter - Citigroup Warren Ackerman - Barclays Bank William Woods - Bernstein Adam Cochrane - Deutsche Bank Anubhav Malhotra - Liberum Gary Martin - Davy James Grzinic - Jefferies Paul Rossington - HSBC George Garfield Thank you all for coming this morning for this review of ABF's Annual Results for the 52 weeks ending the 16th of September 2023. Let me start by just saying that we are thrilled with where this year has ended up.

Associated British Foods plc (ASBFY) 2023 Earnings Call Transcript

All the pieces are in place for a sound year ahead for Associated British Foods PLC (LSE:ABF), going by City reactions to the Primark parent company's full-year financials. In today's earnings call, the group launched a fresh share buyback and rewarded shareholders with a special dividend after reporting double-digit growth in revenue and profit.

Sugary tailwinds expected for Primark owner AB Foods

Primark owner, Associated British Foods PLC (LSE:ABF), launched a fresh share buyback and rewarded shareholders with a bumper dividend after reporting double-digit growth in revenue and profit. The FTSE 100-listed company said in the 52 weeks to September 16, revenue rose 16% to £19.75 billion from £17.00 billion the year before, pre-tax profit climbed 25% to £1.34 billion from £1.08 billion and EPS jumped to 134.2p from 88.6p.

News for Associated British Foods PLC Stock (ASBFY)