- AB Foods raises Primark’s adjusted operating margin forecast for the full fiscal year to above 11.5%, up from a previous forecast of above 10% for the second half.
- Primark’s comparable sales are expected to be around -0.5%, missing the estimate of +1.89%.
- The FY24 outlook for Primark’s adjusted operating profit remains unchanged.
- AB Foods plans to extend a buyback program by an additional £100 million.
- Sugar profitability for the year is ahead of FY 2023 but below previous expectations due to a sharp decline in European sugar prices.
- Primark’s like-for-like sales decrease in the second half is attributed to unfavorable weather in the UK and Ireland.
- Analyst ratings: 8 buys, 11 holds, and 1 sell.
A look at Associated British Foods Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Associated British Foods PLC, a diversified international food, ingredients, and retail group, is positioned well for long-term growth according to Smartkarma’s Smart Scores. With strong scores in growth and momentum, the company is set to continue expanding in various global markets. The company’s ability to adapt and grow in diverse regions like China, South America, and Europe bodes well for its future success.
While Associated British Foods scores decently in value, dividend, and resilience, its standout performance in growth and momentum metrics indicates a promising outlook. The company’s wide geographic presence across multiple continents positions it favorably for long-term success and sustained growth. Investors may find Associated British Foods a compelling option for potential growth opportunities in the evolving food and retail industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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