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Consumer caution dampens Primark results as owner ABF reports profits hit

Fortune
Summary
Nutrition label

76% Informative

Associated British Foods ( ABF ) posted mixed results today across the Group for the year to 1st March 2025 .

Group revenue was down 2% at 9.5 billion ( $12.7 billion ) and adjusted profit before tax was also down 10% .

Primark U.K. and Ireland constitutes the largest single business, where sales were down 4% at 2.1 billion ( $2.8 billion ) However, growth both in the U.S. and in Europe was strong.

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