Associated British Foods (ASBFY)
OTHER OTC:ASBFY
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Earnings Data
Report Date
Nov 10, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1.17Last Year’s EPS
1.25Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
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
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.
ASBFY Earnings History
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 28, 2026 | $24.66 | $24.89 | +0.93% |
Nov 04, 2025 | $29.46 | $28.37 | -3.72% |
Apr 29, 2025 | $29.23 | $26.55 | -9.17% |
Nov 05, 2024 | $28.11 | $29.05 | +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 10, 2026, TBA (Confirmed).
What is Associated British Foods (ASBFY) earnings time?
Associated British Foods (ASBFY) earnings time is at Nov 10, 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 1.17.