Primark expects profits to be in line with last year following strong reopening

Primark in New York

Primark owner ABF has said the fashion giant’s stores have performed exceptionally well since reopening and predicted full-year profits will be in line with the previous year.

In a trading update for the 40 weeks to June 19, 2021, Primark sales hit £3.8bn, down 11% on a constant currency basis. However, sales in the 16-week period between February 28 and June 19, 2021, were up more than 200% to £1.6bn. 

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