Primark Owner AB Foods Lifts Shareholder Returns After Beating Profit Expectations

Associated British Foods (ABF), the parent company of Primark, has reported a profit for the year that surpassed expectations, while announcing an increased dividend payout. The company highlighted a return to more normalized markets and improvements in their supply chain operations. For the fiscal year ending on September 14, ABF's adjusted pretax profit—excluding exceptional and one-off items—rose to £1.96 billion ($2.54 billion) from last year's £1.47 billion. This performance reflects the resilience and adaptive strategies implemented by the conglomerate across its operations.