Associated British Foods Reports Annual Revenue and Profit Decline
Associated British Foods (ASBFY) reported a decline in its full-year financial results, with group revenue falling by 1% and adjusted operating profit dropping by 14%. The downturn was primarily driven by lower profitability within the Primark division. Despite these operational challenges, the company's adjusted earnings per share (EPS) decreased by 11% to 156.0p. This figure was partially supported by the accretive impact of recent share buyback programs. The Group is now looking toward its strategic objectives for 2027.
Tickers: $ASBFY
Topics: EPS decrease operating profit decrease Primark performance revenue decline