Primark owner AB Foods sees strong sales

MrRee_2

Associated British Foods has reported a 12% rise in total sales in the 16 weeks to 7 January, thanks to "exceptional" performances at its sugar division and at discount fashion chain Primark.

The group, which sells Silver Spoon sugar, said higher prices and higher production levels meant that total revenues from sugar rose 21%.

Revenues at Primark increased by 16%.

What WONDERFUL news!!

Rejoice!

Now the 'feel good' factor is reaching the lower ends of the market!!

2012 - the year that changes everything - it's coming up roses people! Just as I have been saying for months now.

CRASH_BANG_WALLOP

last week you slated the 'chav's at the lower end of the market some turnaround you fool

Primark sales up dude? yeah because people are watching their money man and spending less

Mr_Mumble

Primark has gotten more expensive. £8 for their cheapest mens jeans when I popped in t'other day, outrageous!

sabretoothtigger

Smart Investor: ABF – a good example of a share to avoid
Sometimes it is helpful looking at why a stock is not attractive. Associated British Foods (ABF), whose brands include store-cupboard stalwarts Kingsmill, Ovaltine, Patak’s and Twinings, may sound like a defensive company but its numbers just don't add up. Smart Investor explains why.

ABF’s history goes back to 1935, when it was called Food Investments Ltd before it changed its name to Allied Bakeries just five weeks after inception. Since then, a large number of acquisitions have helped the company to grow, with a market capitalisation of £10 billion, making it the 38th-biggest company on the FTSE 100.

Performance
In terms of performance, the past five years have seen ABF’s net profit increase at an annualised rate of 8%, which is quite impressive given that this has been a challenging trading period. Of course, it could be argued that the company’s focus on consumer staples should stand it in good stead during economic slowdowns.

However, net profit was flat between 2010 and 2011; falling slightly from £546 million to £541 million. Over the five years return on equity averaged just 8.8% and was 9.4% last year, both of which are disappointing.

http://www.citywire.co.uk/money/smart-investor-abf-a-good-example-of-a-share-to-avoid/a603866?re=19805&ea=247039&utm_source=BulkEmail_Money_Daily_Summary&utm_medium=BulkEmail_Money_Daily_Summary&utm_campaign=BulkEmail_Money_Daily_Summary

Primark has gotten more expensive. £8 for their cheapest mens jeans when I popped in t'other day, outrageous!

sounds cheap

[Deleted User]

sales increase at cheap clothes shop during recession......is that news?