Associated British Foods (ABF.L) downgraded the annual sales guidance for its Primark budget clothing business on Thursday after disappointing results in the Christmas quarter in its main UK and Ireland market.
The group said it was now targeting “low-single digit” sales growth in 2025 for Primark, having previously forecast “mid single digit” growth.
It kept its forecast for an adjusted operating margin in line with the 11.7 per cent Primark
