Associated British Foods (LSE:ABF) posted flat Q3 group revenue as Primark’s U.S. expansion lifted overall sales despite UK like‑for‑like stagnation, but the group warned full‑year profit will fall short of last year after a sugar loss and weak Mazola cooking‑oil volumes in the U.S.
Previous Week Recap
- ABF Q3 Revenue Flat; Primark Growth: ABF reported flat Q3 group revenue. Primark sales rose driven by new U.S. store openings and U.S. growth; UK like‑for‑like roughly flat. ABF warns full‑year profit below prior year and sugar loss.
- ABF U.S. Oils Down; Mazola Slump: Associated British Foods says U.S. cooking oils volumes are down mid-single-digits this year; Mazola sales weakened due to Hispanic consumer pressure and no near-term recovery is expected.
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