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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Associated British Foods PLC (LSE:ABF) clothing chain Primark is among high street retailers “bouncing back” while online spending slows, according to Barclays. The bank raised the firm's price target by 18% to 2000p on the back of the record sales and resurgence from last-years omicron-stricken sales that were highlighted in Tuesday's trading update.

Primark shows bricks and mortar shopping ‘back with a bang' for AB Foods – Barclays

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Associated British Foods PLC (LSE:ABF), the owner of Primark, has said its outlook for the full year is unchanged ahead of its annual general meeting (AGM) taking place on Friday. In a trading update to be delivered at the meeting, AB Foods chairman Michael McLintock told shareholders that the group continues to expect further input cost inflation, but that the volatility of the costs has diminished.

Primark owner Associated British Foods keeps guidance unchanged ahead of AGM

Associated British Foods PLC said Friday that it backed its full-year outlook, but that it was mindful of further significant input cost inflation.

Associated British Foods continues to see further significant input cost inflation

A diversified & defensive company that will hold its own at times of economic uncertainty. Scenario analysis shows a limited downside with a potential upside of over 30%.

Associated British Foods: Looking Cheap Using DCF Modeling

Primark has announced a £140mln investment in its store portfolio leading to the opening of four new shops and the creation of at least 850 jobs. Parent company Associated British Food said it plans to make the investment over the next two years in its UK operations.

Primark to open four new stores as part of £140mln investment

Associated British Foods PLC (LSE:ABF) is a ‘buy' with Shore Capital, which says the click-and-collect trial is a "welcome step in Primark's slow digital evolution." Clive Black, a retail analyst at the broker, said the launch has shown that Primark can be a 24-hour window shop, something that physical stores cannot simply do.

Primark's click & collect service a 'welcome step' in its digital evolution

Primark's click-and-collect website, which launched today, crashed as customers flocked to the site. Owned by Associated British Foods PLC (LSE:ABF), Primark initiated the trial in 25 stores in north-west England, Yorkshire and north Wales for children's products.

Primark's click-and-collect website crashes on first day

Fashion retailer Primark's new click and collect online service crashed shortly after its launch on Monday, with some shoppers in Britain unable to access its website.

Primark website crashes on click and collect debut

Associated British Foods plc (OTCPK:ASBFY) Q4 2022 Results Conference Call November 8, 2022 4:00 AM ET Company Participants George Weston - CEO John Bason - Finance Director Conference Call Participants Alexander Okines - BNP Paribas Simon Irwin - Crédit Suisse Georgina Johanan - JPMorgan Chase Richard Chamberlain - RBC Capital Markets Clive Black - Shore Capital Warren Ackerman - Barclays David Roux - Bank of America Adam Cochrane - Deutsche Bank Anne Critchlow - Societe Generale George Weston Well, welcome to this review of the annual results for ABF for the 52 weeks ended the 17th of September 2022. More of you have made it in not only sort of post pandemic, but also on days and things that are disruptive than I had expected.

Associated British Foods plc (ASBFY) Q4 2022 Earnings Call Transcript

Irish fast fashion giant Primark has its sights set on the U.S. with 10 more stores slated to open despite a $2.3 billion two-year hit from rising inflation.

Primark To Near Double U.S. Stores Despite $2.3 Billion Inflation Hit

Primark owner Associated British Foods PLC (LSE:ABF) remains a ‘buy' with broker Shore Capital following its full-year results, despite the challenging external environment and the decision to take a hit on profit margins and not raise prices in the face of rising costs. The broker noted since the FTSE 100 company's financial year end in September, the Liz Truss and Kwasi Kwarteng budget disaster has been and gone, which should apply "some soothing cream to sterling", important for an international business such as ABF.

Primark owner ABF a 'buy' with Shore Capital despite macro-factors

Associated British Foods PLC said Tuesday that pretax profit for fiscal 2022 rose on robust pricing amid a normalization of customer behavior, and raised its dividend payout and launched a buyback program.

Primark parent Associated British Foods lifts dividend, announces £500 million share buyback program

Associated British Foods PLC (LSE:ABF) full-year results Tuesday will be a mix of cost-of-living issues and soaring expenses balanced by a positive outlook statement and capital allocation, according to Shore Capital. Primark's business model has meant avoiding raising prices where possible but whether it can continue with this policy given rampant price rises across Europe remains to be seen.

Primark owner AB Foods to take inflation damage

The company is based in the UK and has strong brands in its portfolio such as Twinings, Ovaltine, Patak's, Primark (Penneys). Management is strong in maintaining earnings, but the outlook is mixed.

Associated British Foods: Hold Your Horses

Marks and Spencer Group PLC (LSE:MKS) said Eoin Tonge, chief financial officer and chief strategy officer, is leaving to take up a position at Associated British Foods. According to a statement, Tonge will continue in his current role until the end of his notice period, which will include supporting the business through its interim results in November.

Marks and Spencer CFO to join Primark owner Associated British Foods

One of store-based retail's last bastions, Primark, is to trial a click-and-collect service in the U.K. in its first significant move into online shopping. Yet the move by the fast fashion giant comes with plenty of caveats.

Primark Trials Online Sales At Last But Warns Of Price Hikes

Primark will be venturing into online shopping with a new “click and collect” feature for children's products as it looks into moving away from strictly brick-and-mortar retail, the Financial Times reported Monday (June 20). The click and collect feature will let customers order things online and pick them up from one of the company's participating […]

Discount Clothing Retailer Primark Makes Move to eCommerce

Primark owner Associated British Foods has taken a step towards a an online shopping and home delivery service, albeit only a small one. The low-cost, fast-fashion retailer has for years refused to entertain an online delivery service, it even held out through pandemic lockdowns without reinventing itself into an e-commerce Industry experts would typically point to low-costs, tight margins, and the threat of costly delivery operations as reasoning against going online.

Home deliveries may be the next step of Primark's online revolution, but don't hold your breath

It is hard to abstain from emotional biases, given the company's share price disappointing performance in recent years. Underneath the surface, however, Associated British Foods is strong financially and well-positioned to compete.

Associated British Foods: Mr. Market Has Lost Its Mind

Associated British Foods plc ( OTCPK:ASBFY ) Q1 2022 Earnings Conference Call April 26, 2022 4:00 AM ET Company Participants George Weston – Chief Executive Officer John Bason – Finance Director Conference Call Participants Warwick Okines – Exane BNP Paribas Anne Critchlow – Societe Generale Adam Cochrane – Deutsche Bank Richard Chamberlain – RBC Capital Markets Simon Irwin – Credit Suisse Clive Black – Shore Capital Group Bruce Hubbard – Brook Asset Management Roland French – Davy Warren Ackerman – Barclays Georgina Johanan – JPMorgan George Weston Should we get [Indiscernible] I'm noisy. Look, thank you all very much for turning up in person for coming here to this review of the interim results of the 24 weeks ended the 5th of March 2022.

Associated British Foods plc (ASBFY) CEO George Weston on Q1 2022 Results - Earnings Call Transcript

ABF had a tough couple of years, but it is now close to business as usual.

Associated British Foods: Solid Company But No Bargain

The British food and retail group is selling at a great price, but the discount won't last

News for Associated British Foods PLC Stock (ASBFY)