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AB Foods Backs FY 2023 Views as Revenue Rises on Better-Than-Expected Consumer Spending -- Update

Por: MarketWatch Business January 24, 2023

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The FTSE 100 company said revenue for the 16 weeks ended Jan. 7 increased at constant currency by 16% to 6.70 billion pounds ($8.29 billion) compared with the same period a year earlier. Revenue for the period for AB Foods' retail arm Primark rose 15% to GBP3.14 billion. Primark's performance to date has been positive across all its markets and ahead of expectations, but macroeconomic pressures are expected to weigh on consumer... + full article



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