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Associated British Foods (ASBFY) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Nov 03, 2026

TBA (Confirmed)

Period Ending

2026 (Q4)

Consensus EPS Forecast

1.14

Last Year’s EPS

1.25

Same Quarter Last Year

Analyst Consensus

―

Based on 0 Analysts Ratings

Earnings Call Summary

Q2 2026

Earnings Call Date:Apr 21, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

Mixed results: the group demonstrated strong strategic and operational progress (Primark UK recovery, digital and CRM growth, store expansion, franchise success, improved free cash flow, sustained shareholder returns and a resilient balance sheet). However, near‑term financial results were weaker with group adjusted operating profit down 18% and notable challenges in sugar (full‑year loss now expected), Grocery (US oils), some Ingredients and Agriculture segments, plus margin pressure from markdowns. Management reiterated unchanged full‑year guidance except for sugar and highlighted H2 weighting, but geopolitical cost inflation and consumer demand risk remain key uncertainties.

Company Guidance

The Group reiterated full-year guidance that, aside from sugar, is unchanged: group adjusted operating profit and adjusted EPS are expected to be below last year, with profit phasing weighted to H2; H1 group revenue was £9.5bn (flat; -2% at constant currency) and group adjusted operating profit was £691m (down 18% at constant currency) with adjusted EPS down 15%. Primark delivered £4.7bn sales (up 2%) but like‑for‑like sales were -2.7% (UK +3%, LFL +1.3%), H1 margin 10.1% and full‑year Primark margin expected at approximately 10%; store rollout contributed c.4% of sales. Food revenue fell 3% (Grocery £2.1bn) with Grocery profit expected moderately below last year and Ingredients guidance unchanged; Sugar H1 sales were -9% with an adjusted operating loss of £27m and is now expected to deliver a full‑year adjusted operating loss. Balance sheet and cash guidance: H1 capex £534m (full‑year c.£1.2bn), free cash flow £71m (vs £27m), interim dividend 20.7p in line with last year, £187m of £250m buybacks completed (£63m remaining), H1 net debt including leases c.£3.0bn (leverage 1.2x), total liquidity £2.2bn (including £1.8bn committed facilities) and a pension surplus of £1.7bn; management expects the near‑term cost impact from the Middle East conflict to be manageable in 2026 given current hedges.

Maintained shareholder returns and active buybacks

Interim dividend maintained at 20.7p (in line with prior year); completed GBP 187m of share buybacks year-to-date and expect to complete announced GBP 250m by year-end.

Strong balance sheet and liquidity position

Leverage at 1.2x, half‑year net debt (including leases) ~GBP 3.0bn, total liquidity GBP 2.2bn and a pension surplus of GBP 1.7bn supporting resilience and investment capacity.

Primark: UK recovery and market share gains

Primark UK sales grew 3% with like‑for‑like sales +1.3%; management reports market share gains in the challenging UK clothing market following product, price perception and digital initiatives.

Primark overall scale and margin guidance intact

Primark sales grew 2% to GBP 4.7bn in H1; adjusted operating margin in H1 was 10.1% and the group reiterated full-year Primark margin guidance of approximately 10%.

Digital and customer engagement momentum

Website traffic up 37% in H1; CRM database grew by +1m customers to over 5m (3.5m in the UK); Click & Collect nationwide in Great Britain and new app launched, strengthening the digital flywheel.

Store rollout and new franchise model progress

Opened 11 owned stores in H1 (5 in the U.S., 4 in Europe) bringing total US stores to 38; new franchise model launched in Middle East with first Kuwait and Dubai stores trading above expectations; Manhattan flagship in NYC opening May 8.

Improved cash generation and disciplined capex

Free cash flow improved to GBP 71m (H1) vs GBP 27m prior year; invested GBP 534m of capital expenditure in H1 (c.40% in Primark); full-year CapEx expected around GBP 1.2bn.

Food: selective strong brand and category performance

International brands (Twinings, Ovaltine, World Foods) showed volume-led growth; speciality segments delivered notable growth (Sports Nutrition +30% in H1, Anthony's Goods high‑teens sales growth, Mazzetti double-digit).

Transformation and productivity initiatives underway

Self-checkouts rolled out to 250 Primark stores (c. half estate) with ~10% store labor reduction effect; automation and new depots (Northern Italy near completion) progressing to enhance supply chain efficiency.

Associated British Foods (ASBFY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ASBFY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 03, 2026	2026 (Q4)	1.14 / -	1.252	―	―	―
Apr 21, 2026	2026 (Q2)	0.97 / 0.95	1.119	-14.66% (-0.16)
Nov 04, 2025	2025 (Q4)	1.21 / 1.25	1.384	-9.54% (-0.13)
Apr 29, 2025	2025 (Q2)	1.03 / 1.12	1.124	-0.44% (>-0.01)
Nov 05, 2024	2024 (Q4)	1.34 / 1.38	0.981	41.08% (+0.40)
Apr 23, 2024	2024 (Q2)	1.03 / 1.12	0.769	46.16% (+0.36)
Nov 07, 2023	2023 (Q4)	0.96 / 0.98	0.775	26.58% (+0.21)
Apr 25, 2023	2023 (Q2)	0.77 / 0.77	0.805	-4.47% (-0.04)
Nov 08, 2022	2022 (Q4)	0.69 / 0.78	0.601	28.95% (+0.17)
Apr 26, 2022	2022 (Q2)	0.82 / 0.81	0.35	130.00% (+0.46)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ASBFY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 21, 2026	$25.26	$24.55	-2.78%
Nov 04, 2025	$29.18	$28.09	-3.72%
Apr 29, 2025	$28.94	$26.29	-9.17%
Nov 05, 2024	$27.83	$28.77	+3.37%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Associated British Foods (ASBFY) report earnings?

Associated British Foods (ASBFY) is schdueled to report earning on Nov 03, 2026, TBA (Confirmed).

What is Associated British Foods (ASBFY) earnings time?

Associated British Foods (ASBFY) earnings time is at Nov 03, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is ASBFY EPS forecast?

ASBFY EPS forecast for the fiscal quarter 2026 (Q4) is 1.14.