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.

The U.K. market continues to be attractive to U.S. private equity and activist investors. This is partly because the British Pound is trading quite cheaply compared to the U.S. Dollar.

Could Associated British Foods Be the Next Activist Target?

Associated British Foods plc (ASBFY) CEO George Weston on Q4 2021 Results - Earnings Call Transcript

Barclays has repeated a bullish ‘overweight' rating for Primark-owner Associated British Foods PLC (LSE:ABF) whilst pointing to ‘three big positives' revealed in this week's trading update. ABF listened to shareholders about bigger cash returns, according to Barclays analysts, which will bring potential for further special dividends in the future - on top of the 13.8p per share announced this week - and, for the first time, share buybacks.

Barclays bullish on Associated British Foods eyes ‘three big positives'

Associated British Foods PLC (LSE:ABF)'s Primark is not resting on laurels after its post-lockdown success, however some City observers are wondering whether resisting e-commerce really is a good idea. The fast-fashion retailer is estimated to claw back at least the estimated £2bn of sales lost due to store closures last financial year, unless more COVID-19 restrictions are imposed again, propping up group profits and earnings per share.

AB Foods' Primark continues store expansion but is resisting e-commerce really a good idea?

ABF is a diversified food and retail company. The company was growing steadily until the pandemic.

Associated British Foods Is Still Cheap

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Associated British Foods now trades at one of its lowest levels for the past 5-year period.

Associated British Foods: Too Conservatively Priced To Be Ignored

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Shares of U.K. conglomerate Associated British Foods rallied on Thursday after the company showed its Primark clothing stores recovering — and a key competitor said it was exiting the market.

London Markets: Associated British Foods gains as Primark sales jump and Gap withdraws from U.K. and Ireland

As the worst of the pandemic seems to be behind us, Primark is slowly recovering and management is looking to expand more aggressively. Meanwhile, Food businesses of the company are seeing a sustained momentum with Grocery and Sugar standing out.

Associated British Foods: Looking Past The Pandemic

Vladimir Dimitrov, CFA is a former strategy & valuation consultant, who takes a roundabout approach to investing as developed by the Austrian School. His focus is on finding companies with sustainable competitive advantages that also trade at or below fair value. Why he uses a top-down and bottom-up approach, using his experience as a strategy consultant to analyze companies and examples of sustainable competitive advantages are topics discussed.

SA Interview: Investing In Wonderful Companies At A Fair Price With Vladimir Dimitrov, CFA

Associated British Foods plc (ASBFY) CEO George Weston on Q2 2021 Results - Earnings Call Transcript

Primark owner Associated British Foods reported record sales in the first week of reopening earlier this month, but its cautious outlook sent the stock lower on Tuesday.

Primark Roars Back With Record Sales in Reopening Week. Its Parent Is a Buy.

Associated British Foods plc (LON: ABF) said on Tuesday that its pre-tax profit took a hit in the fiscal first half as the COVID-19 crisis weighed on revenue from Primark. The pandemic has so far infected more than 4.3 million people in the United Kingdom and caused over 127 thousand deaths.

Associated British Foods' revenue slides to £6.31 billion in fiscal H1

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Updates from Primark owner Associated British Foods PLC (LON:ABF) and FTSE 100 miners Rio Tinto and BHP are in the diary for Tuesday, along with the latest UK unemployment numbers. Across the Atlantic, the US earnings season will see FAANG star Netflix broadcast its numbers after the Wall Street close (see more below), following the likes of Harley Davidson, Johnson & Johnson, Procter & Gamble, Lockheed Martin and Philip Morris International which all report before the opening bell.

Netflix and churn, Primark's reopening and copper mining in focus on Tuesday

The coming week will see results and updates from a number of well-known retail and consumer brands, notably Primark owner AB Foods and Domino's Pizza. There will also be updates from the UK's major listed miners as well as comparison site Moneysupermarket, housebuilder Taylor Wimpey and pest control group Rentokil.

Primark owner AB Foods to report results in coming week alongside updates from miners, Taylor Wimpey and Domino's Pizza

Associated British Foods PLC (LON:ABF) said the latest closures of Primark stores have caused an estimated £1.1bn loss in sales with a £650mln cash burn. The FTSE 100 firm has already reopened 77 of the fast fashion retailer's sites and has likely reopening dates for 233 shops after Boris Johnson's announcement on Monday.

Associated British Foods expects £1.1bn interim sales loss from Primark closures

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BAE Systems, Anglo American and Primark owner Associated British Foods set for Thursday's spotlight

Associated British Foods continues to be extremely conservatively valued, even after returning 40% since I last wrote about it in November 2020. Grocery, Sugar, Agriculture and Ingredients businesses are performing exceptionally well.

Associated British Foods: Why I Am Increasing My Position

Primark has more than 384 stores world-wide. 305 units are closed at this time.

Why Primark's Lack Of E-Commerce Hurts

In an announcement on Thursday, Associated British Foods plc (LON: ABF) said that its revenue saw a significant decline in the first sixteen weeks of the current financial year. The company attributed the decline primarily to its clothing subsidiary, Primark, that remained under pressure due to the newly imposed COVID-19 restrictions in the United Kingdom.

Associated British Foods' revenue declines in the first 16 weeks of fiscal 2021

Store closures could cost British fast-fashion giant Primark £1.05 billion ($1.43 billion) in lost sales, parent company Associated British Foods (AB Foods) announced Thursday. More than three in four of the retailer's 389 stores are currently closed, AB Foods said. This included all 190 stores in the UK, as well as all its sites in Germany, Ireland, the Netherlands, Portugal, and Austria. Its 11 stores in the US remain open.

Cut-price apparel retailer Primark predicts that store closures during COVID-19 will cost it $1.4 billion

The consistent, progressive dividend history has been shredded, and I do not expect an interim dividend in 2021. Primark now merits a conglomerate discount, not a conglomerate premium. Its model has been found lacking.

Associated British Foods: Primark Now Hinders Not Helps The Valuation

The value retailer has been impacted globally by Covid-19 but has seen strong revenue development in its U.S. business and expects global sales this financial year to be better than the last.

Primark Pushes Forward With U.S. Openings Despite A Sales Hit Of $580 Million This Fall

As Primark stores in the U.K. are once again closing, the company's conservative capital allocation strategy will once again save the day. Primark still performed extraordinarily well during the pandemic and will be an important profitability driver, even if social distancing remains.

Associated British Foods: 3 Reasons Not To Panic

Associated British Foods plc (ASBFY) CEO George Weston on Q4 2020 Results - Earnings Call Transcript

News for Associated British Foods PLC Stock (ASBFY)