Associated British Foods reports a softer set of numbers than expected, Bernstein analysts write. Retail sales were soft despite improving slightly on the prior quarter, the analysts write. While Primark's guidance is unchanged, the conglomerate flags weak consumer confidence across Europe and mixed a performance in the U.S., the analysts add. The sugar market continues to deteriorate and leads to a downgrade to the unit's fiscal 2027 guidance, they write. Shares fall 2.9% to 1,928.50 pence. (adam.whittaker@wsj.com)
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AB Foods' Numbers Disappoint — Market Talk
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Associated British Foods reports a softer set of numbers than expected, Bernstein analysts write. Retail sales were soft despite improving slightly on the prior quarter, the analysts write. While Primark's guidance is unchanged, the conglomerate flags weak consumer confidence across Europe and mixe…