AB Foods sees “significant progress”

Primark owner, Associated British Foods, reported this morning that Primark had been trading strongly and sales had been ahead of those in the same quarter last year.

The group has seen  “significant progress” and business across its grocery, sugar, ingredients and agriculture had also continued strongly.

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“In terms of the Omicron variant we haven’t really seen much of an effect on footfall,” chief executive John Bason said this morning after results were released.

“Our financial performance this year more than ever demonstrates the resilience of the group. This comes from the strength of our brands, the diversity of our products and markets, our geographic spread, conservative financing and an organisation design that permits fast and flexible decision-taking,” he added.

Primark has 400 stores across Europe and the US.

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