ABF Trading Update

Summary by AI BETAClose X

Associated British Foods plc reported revenue for the 16 weeks to 3 January 2026, with group revenue of £6,759 million, showing a 1% increase at actual currency and a 1% decrease at constant currency, largely in line with previous estimates. The Retail segment achieved revenue of £3,502 million, up 4.2% at actual currency, while Grocery revenue was £1,385 million, remaining in line. Ingredients revenue declined 2.9% to £667 million, Sugar revenue fell 4.3% to £675 million, and Agriculture revenue decreased 4.1% to £521 million. Primark's total sales grew 1% to £6,759 million, with the UK and Ireland contributing 45% of sales and the US showing a strong 12% growth.

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Associated British Foods PLC
22 January 2026
 

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22 January 2026

Trading Update

Associated British Foods plc (ABF) is today reporting revenue for the 16 weeks to 3 January 2026, following the estimates published on 8 January 2026.

Group

The following table sets out revenue by business segment for the period in comparison to the estimates previously provided, and to same period in the prior year.

 

 

 

 Estimate at

 8 January 2026

 

Estimate at

 8 January 2026

Revenue

16 weeks to 3 Jan

£m

Change at actual

currency

Change at actual

currency

Change at constant

currency

Change at constant

currency

Retail

3,502

+4.2%

+4%

+1.5%

+1%

Grocery

1,385

In line

In line

+0.7%

+1%

Ingredients

667

(2.9)%

(3)%

(2.1)%

(2)%

Sugar

675

(4.3)%

(2)%

(6.9)%

(5)%

Agriculture

521

(4.1)%

(4)%

(4.1)%

(4)%

Group[1]

6,759

In line

+1%

(0.9)%

(1)%

 

Primark

The following table sets out revenue by market for the period in comparison to the same period in the prior year. There is no change from the estimates provided on 8 January 2026.

 

Market

Percentage of total sales

Like-for-like sales growth

Total sales growth

UK only


+1.7%

+3%

UK and Ireland

45%

+1.1%

+2%

Europe (excluding UK and Ireland)

49%

(5.7)%

(1)%

US

6%


+12%

Primark

 

(2.7)%

+1%

 

ABF is scheduled to announce its interim results for the 24 weeks to 28 February 2026 on 21 April 2026.

 

For further information please contact:

Associated British Foods:

+44 20 7399 6545

Joana Edwards, Interim Finance Director

Lucinda Baker, Head of Investor Relations

Joe Carberry, Corporate Affairs Director

 

Citigate Dewe Rogerson:

+44 20 7638 9571

Jos Bieneman        Tel: +44 7834 336650

Sabine Pirone       Tel: +44 7903 847557


[1] This includes revenue of £9m from disposed and closed businesses (2025: £46m)



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