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.

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For Associated British Foods PLC (LSE:ABF), news about its Primark fast-fashion chain will dominate the results, along with any follow-up to its £500 million share buyback and guidance for the coming year

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BAESY, ASBFY and LW made it to the Zacks Rank #1 (Strong Buy) growth stocks list on November 3, 2023.

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Primark's strong performance is set to be the talk of Associated British Foods PLC (LSE:ABF)'s full-year update next Tuesday, 7 November. Expectations are that the fashion retailer will pen like-for-like sales growth at roughly 9% to £9 billion for the year, as laid out by ABF itself last month.

Primark to drive Associated British Foods' results

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Investors looking for stocks in the Food - Miscellaneous sector might want to consider either Associated British Foods PLC (ASBFY) or Marine Harvest ASA (MHGVY). But which of these two stocks presents investors with the better value opportunity right now?

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

BAESY, ASBFY and LW made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 26, 2023.

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ASBFY, LW and ELF made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 19, 2023.

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Investors looking for stocks in the Food - Miscellaneous sector might want to consider either Associated British Foods PLC (ASBFY) or Nestle SA (NSRGY). But which of these two companies is the best option for those looking for undervalued stocks?

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Associated British Foods has faced challenges in its food and clothing divisions due to cost inflation and pandemic-related lockdowns. The company's revenue has recovered to pre-pandemic levels, but profitability remains a challenge. The outlook for the company is positive, with expected growth in sales and profit, but the valuation of the shares is considered high.

Associated British Foods: The Long Road Back

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WRK, BY and ASBFY made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 18, 2023.

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Investors interested in stocks from the Food - Miscellaneous sector have probably already heard of Associated British Foods PLC (ASBFY) and Nestle SA (NSRGY). But which of these two stocks offers value investors a better bang for their buck right now?

ASBFY vs. NSRGY: Which Stock Should Value Investors Buy Now?

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FISI, SWRAY and ASBFY made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 15, 2023.

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SWRAY, FISI, DOLE, ASBFY and SNPS have been added to the Zacks Rank #1 (Strong Buy) List on September 15, 2023.

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Associated British Foods plc (LON: ABF) is up more than 5.0% this morning after raising outlook for its fiscal 2023. AB Foods stock has upside to £24 It's the second time that the food and retail company has raised its guidance for the current financial year.

AB Foods raises guidance again as ‘Primark continues to be favourable'

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Today, consumers crave the ability to maximize their precious free moments, and convenience in shopping is the key to achieving this.

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Primark owner, Associated British Foods PLC (LSE:ABF) raised guidance for profit for the second time in four months boosted by a strong performance in its food division. The FTSE 100-listed firm now expects full-year operating profit to be “moderately ahead” of last year.

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Associated British Foods PLC (LSE:ABF), the owner of Primark, British Sugar and a wide range of food brands, is expected to provide a pre-close update on Tuesday after a year in which it upped prices, introduced click-and-collect service and earlier in the summer upped profit guidance

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Primark, the discount fashion retailer, has expanded its click-and-collect trial to 32 sites in London. The service allows customers to shop online from a range of kids' products before collecting them in-store, a company statement revealed.

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

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Clothing retailers look set to face a squeeze heading into the new year due to falling prices, brokers have suggested. Anticipating a roughly 6% fall in clothing prices during 2024, JP Morgan analysts pointed out that retailers with tighter margins could face pressure.

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Investment bank RBC Capital Markets recently raised its price target for Associated British Foods PLC (LSE:ABF) from 2,300.00 to 2,350.00, citing its robust recovery in sales and the potential for margin improvement in the 2024 fiscal year. ABF's largest business, Primark, has a strong presence in Europe and the US and continues to be a leading value player in the UK retail space.

Associated British Foods recover potential highlighted by investment bank

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HMC, ASBFY and HGV made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 30, 2023.

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HMC, RYI and ASBFY made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 30, 2023.

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Here is how Associated British Foods PLC (ASBFY) and Britvic PLC Sponsored ADR (BTVCY) have performed compared to their sector so far this year.

Is Associated British Foods (ASBFY) Stock Outpacing Its Consumer Staples Peers This Year?

Primark owner Associated British Foods PLC (LSE:ABF) is having no qualms about reduced consumer spending after a strong showing in the third quarter saw sales jump, analysts have said. “If the consumer is beginning to have doubts about spending, such reticence is not coming Primark's way,” interactive investor analyst Richard Hunter noted after ABF penned a 16% rise in sales to £4.7bn during the third quarter.

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Sales increased 16% during the 12 weeks to 27 May, with revenues across its Primark and Food divisions rising by double-digit percentages.

News for Associated British Foods PLC Stock (ASBFY)