Associated British Foods Backs Fiscal Year 2023 View Despite Cost Inflation
December 09 2022 - 2:45AM
Dow Jones News
By Kyle Morris
Associated British Foods PLC said Friday that it backed its
full-year outlook, but that it was mindful of further significant
input cost inflation.
The British conglomerate said its clothes store Primark has been
performing encouragingly and that it is on track to open 27 new
stores in the year.
"For the full year, we continue to expect significant growth in
sales for the group, and adjusted operating profit and adjusted
earnings per share to be lower than the previous financial year,"
Chairman Michael McLintock said.
It continues to expect profit in the food businesses to be ahead
of the last financial year.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
December 09, 2022 02:30 ET (07:30 GMT)
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