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Company Research2 Apr 2024
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Associated British Foods
Associated British Foods (ABF) investor relations material
Associated British Foods Q1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 TU earnings summary22 Jan, 2026
Executive summary
Group revenue for the 16 weeks to 3 January 2026 was £6,759m, in line with estimates and up 1% at constant currency compared to the prior year.
Retail segment revenue rose 4.2% at actual currency and 1.5% at constant currency year-over-year.
Grocery segment revenue was in line with estimates, up 0.7% at actual currency and 1% at constant currency.
Financial highlights
Ingredients revenue declined 2.9% at actual currency and 2.1% at constant currency year-over-year.
Sugar revenue fell 4.3% at actual currency and 6.9% at constant currency year-over-year.
Agriculture revenue decreased 4.1% at both actual and constant currency year-over-year.
Group revenue includes £9m from disposed and closed businesses, down from £46m in the prior year.
Segment performance
Primark (Retail) like-for-like sales grew 1.7%, with total sales up 3% year-over-year.
UK and Ireland accounted for 49% of Primark sales, with UK only at 45%, Europe (excluding UK and Ireland) at 6%, and US at 1%.
Primark sales in the US grew 12%, while Europe (excluding UK and Ireland) declined 5.7%.
Explain Sugar revenue miss vs. estimate
Primark market growth divergence analysis
Impact of currency tailwind on Group revenue
Partial view of Summaries dataset, powered by Quartr API
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Next Associated British Foods earnings date
H1 202621 Apr, 2026
Associated British Foods
Next Associated British Foods earnings date
H1 202621 Apr, 2026
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Frequently asked questions
Associated British Foods plc is a diversified international group with operations in food, ingredients, and retail. The company operates through segments including grocery, sugar, agriculture, ingredients, and the clothing retailer Primark. It serves both consumer and industrial markets across global regions. The company is headquartered in London, United Kingdom, and its shares are listed on the LSE.
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