Primark sales growth boosts Associated British Foods

Primark store The Primark chain now has 237 stores

Related Stories

Sales at discount fashion chain Primark have continued to grow strongly, its owner Associated British Foods has said.

For the 40 weeks to 23 June, sales at Primark rose 16%, driven by a mixture of new stores and underlying growth.

Recent trading at Primark has been "good", the company said, apart from April when the wet weather hit sales.

Across the ABF group as a whole, which includes products such as Silver Spoon sugar and Twinings tea, sales rose 11%.

The company noted that household incomes were "under pressure" which had driven consumers to seek out price promotions.

It said increased advertising of Jordans and Ryvita had cut into margins on those branded goods, but its most profitable grocery items, Twinings and Ovaltine, had achieved good growth.

ABF said its Silver Spoon sugar brand had sold well particularly over the Diamond Jubilee weekend thanks to a rise in home baking.

Primark's sales figures contrast with those from Marks and Spencer earlier this week, which showed it losing market share to competitors.

Four new Primark stores were opened in the most recent quarter, all in Spain, and the chain now has 237 stores in total.

Overall, ABF said it was on track to report "substantial growth" in adjusted operating profits for the full financial year.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories



  • Mukesh SinghNo remorse

    Delhi bus rapist says victim shouldn't have fought back

  • Aimen DeanI spied

    The founder member of al-Qaeda who worked for MI6

  • Before and after shotsPerfect body

    Just how reliable are 'before and after' photos?

  • Lotus 97T driven by Elio de AngelisBeen and Gone

    A champion F1 designer and other notable losses

  • A poster of Boris Nemtsov at a rally in St Petersburg, Russia, 1 MarchWho killed Nemtsov?

    Theories abound over murder that shocked Moscow

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.