AB Foods Leaves Investors Hungry for Growth

Dow Jones07-01

0811 GMT - Associated British Foods has done little to hint to investors that a sharp improvement is around the corner, Hargreaves Lansdown's Aarin Chiekrie writes. Third-quarter revenue comes in broadly flat as Primark's sales grow modestly at 3%, he writes. This growth, however, was driven entirely by new store openings, which, if stripped out, means like-for-like sales dropped 2.2%, he says. The conglomerate backs its rather vague fiscal 2026 guidance of underlying operating profit falling below the prior year's 1.7 billion pounds, Chiekrie says. Market watchers are expecting a roughly 13% decline, which feels realistic, he adds. Shares fall 3.6% to 1,916.50 pence. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

July 01, 2026 04:11 ET (08:11 GMT)

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The conglomerate backs its rather vague fiscal 2026 guidance of underlying operating profit falling below the prior year's 1.7 billion pounds, Chiekrie says. Market watchers are expecting a roughly 13% decline, which feels realistic, he adds. Shares fall 3.6% to 1,916.50 pence. 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