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ABF Posts Flat Group Revenue as Primark Growth Offsets Weaker Sugar and Agriculture

Story Highlights
  • Associated British Foods’ group revenue was broadly flat, with small growth in retail and grocery offset by declines in ingredients, sugar and agriculture.
  • Primark delivered modest UK and Ireland growth and strong US gains, but European sales fell, underscoring uneven performance across the retailer’s key markets.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ABF Posts Flat Group Revenue as Primark Growth Offsets Weaker Sugar and Agriculture

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Associated British Foods ( (GB:ABF) ) just unveiled an announcement.

Associated British Foods reported group revenue of £6.76bn for the 16 weeks to 3 January 2026, broadly in line with earlier estimates and down slightly by 0.9% at constant currency, highlighting mixed performance across its portfolio. Retail revenue, driven by Primark, rose 1.5% at constant currency, with modest like-for-like and total sales growth in the UK and Ireland, stronger momentum in the US with 12% like-for-like growth, but declining like-for-like and total sales in continental Europe; the grocery division was broadly flat with slight growth, while ingredients, sugar and agriculture all reported revenue declines. The update suggests resilience in Primark’s core UK and US markets but ongoing challenges in Europe and commodity-linked businesses, setting the stage for more detailed scrutiny of profitability and regional strategy when interim results are released in April.

The most recent analyst rating on (GB:ABF) stock is a Hold with a £2037.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.

Spark’s Take on GB:ABF Stock

According to Spark, TipRanks’ AI Analyst, GB:ABF is a Neutral.

Associated British Foods has a stable financial foundation with strong operational efficiency, but faces challenges in revenue growth and cash flow generation. The technical indicators show mixed signals, and the valuation is reasonable with a moderate dividend yield. The recent earnings call highlighted both strategic initiatives and ongoing challenges, particularly in the sugar segment and European markets. These factors collectively result in a moderate overall stock score.

To see Spark’s full report on GB:ABF stock, click here.

More about Associated British Foods

Associated British Foods is a diversified international food, ingredients and retail group whose activities span grocery brands, sugar, agriculture and speciality ingredients, alongside its discount fashion retail chain Primark. The company generates revenue across the UK, Ireland, continental Europe, the US and other markets, giving it a broad footprint in both consumer goods and value-focused apparel retailing.

Average Trading Volume: 911,911

Technical Sentiment Signal: Sell

Current Market Cap: £13.18B

For detailed information about ABF stock, go to TipRanks’ Stock Analysis page.

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