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 PLC (LSE:ABF) has guided that full-year profits should be higher after reporting jumps in both food and retail sales during the third quarter. Operating profit should come in “moderately ahead of last year,” ABF said in a statement, up from previous guidance that the figure would be flat.

Primark owner eyes higher profit as sales climb

Associated British Foods plc is a global company that operates in the food, ingredients, and retail sectors. Primark has scope for further growth through global expansion and increased e-commerce capabilities in core markets. ASBFY's non-retail brands are developing their product offering to cater to changing consumer needs, supporting underlying growth.

Associated British Foods: Margin Decline Means Patience

Primark has “potential for strong margin recovery” according to the Royal Bank of Canada (TSX:RY), with the broker raising Associated British Foods (ABF) target price. Analysts at the bank inched the target price to 2300p from 2250p.

Primark owner Associated British Foods has target price hiked by broker

Shares of National Milk Records Plc (STU: NMP) nearly doubled today after Associated British Foods plc (LON: ABF) said it will buy the agri-tech information services provider. What's in it for Associated British Foods?

Associated British Foods to buy National Milk Records

Associated British Foods PLC (LSE:ABF) has picked up dairy techology company National Milk Records (AQSE:NMRP) PLC in a £48mln deal. The agreed cash deal, worth 215p per NMR share, will be made by the group's AB Agri business, and represents a 87% premium to the NMR closing price on June 5.

AB Foods boosts agri-food arm with £48mln deal

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Investors interested in Food - Miscellaneous stocks are likely familiar with Associated British Foods PLC (ASBFY) and Utz Brands (UTZ). But which of these two stocks is more attractive to value investors?

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

Primark continues to perform well, benefiting from consumers trading down in the face of rising prices and shrinking disposable incomes. The expansion into new markets offers growth opportunities, with positive feedback and strong demand observed in newly opened areas.

Associated British Foods: Primark Continues To Perform

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

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

Moderating inflation is particularly good news for Associated British Foods PLC's Primark chain, say analysts at RBC Capital Markets, leading to them upgrading their recommendation. “We think an improvement in Primark profitability should drive double-digit earnings growth for ABF, which is not being captured by the current valuation,” the analysts said, moving to an 'outperform' rating from the previous 'sector perform'.

Primark should benefit most from easing inflation, broker upgrades parent AB Foods

After losing some value lately, a hammer chart pattern has been formed for Associated British Foods PLC (ASBFY), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Associated British Foods PLC (ASBFY) Could Find a Support Soon, Here's Why You Should Buy the Stock Now

Investors interested in stocks from the Food - Miscellaneous sector have probably already heard of Associated British Foods PLC (ASBFY) and Utz Brands (UTZ). But which of these two companies is the best option for those looking for undervalued stocks?

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

Associated British Foods plc (ASBFY) Q2 2023 Earnings Call Transcript.

Associated British Foods plc (ASBFY) Q2 2023 Earnings Call Transcript

Shares of Associated British Foods plc (LON: ABF) ended down on Tuesday after the multinational said its adjusted operating profit was hit in the first half of fiscal 2023.

Why did Associated British Foods stock ended down on Tuesday?

Associated British Foods PLC said Tuesday that adjusted operating profit for the first half of fiscal 2023 fell, but backed its full-year guidance amid robust sales growth and less volatile inflation, and raised its dividend payout.

Primark-owner Associated British Foods posts profit fall, but backs guidance

Associated British Foods PLC (LSE:ABF) reported flat profit at the half-year stage despite strong growth in sales as inflationary pressures ate into margins. For the 24 weeks ended to March 4 2023, group revenue reached £9.6bn, up 17%, but adjusted pre-tax profit at £667mln was flat when compared to last year's £666mln.

AB Foods sees inflation eat into profit despite strong growth in sales

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Before the trillion-dollar megacap tech groups make their appearance later, a selection of London's blue chips have a chance to impress, including Primark owner Associated British Foods PLC (LSE:ABF), which has been sashaying higher so far this year, continuing a rally since sinking to 10-year lows back in October. But with the shares still down more than 20% from where they were before the first Covid lockdown in early 2020, with analysts saying a recent trading update and the outlook statement will be more important than the first-half numbers.

Primark and Premier Inn owners' earnings on Tuesday, plus Google and Microsoft

Associated British Foods PLC (LSE:ABF) will on Tuesday release half-year results with its shares up over 25% since the start of the year, continuing the rally since sinking to 10-year lows back in October, pushing towards 15-month highs just above £20 apiece. But the shares in the Primark owner are still down more than 20% from where they were before the first Covid lockdown in early 2020.

AB Foods surging in 2023 but Primark still playing pre-pandemic catch up

Primark owner Associated British Foods is raising the rate of pay for its 26,000 retail assistants from next week. Staff across England, Scotland and Wales will be paid £11 an hour, with this rising to £11.51 in London.

Primark hands out pay rise to retail assistants

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ASUR, ASBFY and MAIN made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 3, 2023.

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ASBFY, PLYA, HSII, GIB and AMP have been added to the Zacks Rank #1 (Strong Buy) List on March 3, 2023.

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Primark had a strong 1H23 with revenue growth of 16%, driven by a price increase and new store openings. Management has raised FY23 margin guidance to over 8%.

Associated British Foods: Expect Margin To Continue Improving

Citi, the US investment bank, has increased its target price for Associated British Foods PLC (LSE:ABF) shares after the company's trading statement. Citi is more optimistic about ABF's profits in 2023, thanks to better sales at Primark, ABF's clothing store.

Associated British Foods receives price target upgrade from US bank

Associated British Foods PLC (ASBFY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Associated British Foods PLC (ASBFY) Upgraded to Strong Buy: Here's What You Should Know

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

Primark continues to be the shining light for AB Foods at a time when budgets are strained and inflation is still sky-high, which raises questions once again as to whether it should be spun off. The apparel division of the FTSE 100 company is expected to announce operating profits ahead of previous guidance when full-year results are released sometime in November.

News for Associated British Foods PLC Stock (ASBFY)