Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Primark tipped for 21% profits jump

Primark is expected to report a 21% jump in first half operating profits tomorrow, which will offset declines in other parts of its parent business Associated British Foods.

The fast fashion retailer, which has been ABF’s jewel in the crown in recent results, is expected to have seen total sales climb 13%, on the back of around a 12.2% increase in floor space over the 24 weeks to March 1, according to analysts. Like-for-likes are tipped to have grown 4%.

“The highlight of the briefing will be the Primark story,” said Numis analyst Chris Pick.

“Broadly flat earnings of £497m should mask very conflicting trends across divisions,” added Jefferies analyst James Grzinic.  “We assume very strong progress at Primark, major profit shortfalls in sugar and solid growth in grocery and ingredients.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.