Primark owner confirms lowered outlook and festive revenue fall

Primark’s parent company Associated British Foods (ABF) has confirmed its reduced outlook and revenue decline for the 16 weeks to 3 January.
The business said Primark revenues dropped 2.7% on a LFL basis, with LFL sales in its European arm falling 5.7%.
UK revenues rose 1.7%, with combined UK and Ireland sales growing 1.1% on a LFL basis.Related Story Schuh hires new CMO21/01/2026 x 12:02 PMTotal sales in the fashion brand’s US arm rose 12% over the period.
The update comes afte