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Associated British Foods plc
Video analysis: ASBFY
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News: ASBFY
Deutsche Bank and Panmure Liberum cut Associated British Foods targets after weak guidance
Deutsche Bank and Panmure Liberum have both cut their target prices for Associated British Foods PLC (LSE:ABF), the Primark owner, after the group issued weaker-than-expected guidance for the year ahead. Deutsche Bank reduced its target price to 1,790p from 1,850p, maintaining its 'hold' rating.
Associated British Foods plc (ASBFY) Q3 2026 Sales/Trading Call Transcript
Associated British Foods plc (ASBFY) Q3 2026 Sales/Trading Call Transcript
AB Foods stock sinks 11% as Primark sales miss exposes deeper turnaround risk
Shares in Associated British Foods (LON: ABF) fell more than 11% on Thursday after the owner of Primark warned of weaker like-for-like sales at the fashion retailer and said losses at its Sugar business are likely to come in toward the upper end of its previous guidance. The update raised fresh concerns over the pace of Primark's recovery and the near-term profitability of AB Foods, despite the group saying its full-year adjusted earnings per share are expected to come in ahead of previous expectations.
AB Foods Expects Sugar Unit Loss to Deepen
Associated British Foods said contract provisions due to low European sugar prices weighed on profitability for the unit.
Associated British Foods lifts earnings outlook as Primark plans UK home delivery
Associated British Foods PLC (LSE:ABF) has upgraded its earnings expectations for 2026 as Primark prepares to introduce home delivery across Great Britain. The FTSE 100 group expects adjusted operating profit for the year ending 12 September to be broadly in line with previous guidance, while adjusted earnings per share is now forecast to come in ahead of expectations.
AB Foods says Primark to offer home delivery in UK
Associated British Foods said on Thursday its Primark clothing business, which it plans to spin off next year, will offer home delivery in the UK in the future.
Citi raises Associated British Foods target price to £15.50
Citi has raised its price target for Associated British Foods PLC (LSE:ABF), the Primark owner, to £15.50 from £13.30 while retaining a sell rating, as it takes a more constructive view of the sugar business. The broker expects sugar to be less of a drag on earnings than previously forecast, with adjusted operating profit estimates raised by £35 million for the financial year ending in September 2026 and £71 million for 2027.
Primark cuts prices ahead of split from AB Foods
Fashion retailer Primark said on Monday it would reduce prices by up to 29% across hundreds of bestselling womenswear, menswear and kidswear products, seeking to improve trading ahead of next year's demerger from parent Associated British Foods.
