Primark owner ABF upgrades profit outlook as sales rise
Value fashion giant Primark has reported an increase in sales in its third quarter and parent company ABF upgraded its profit forecast for the full year.
Primark posted a 13% increase in sales to ÂŁ1.99bn for the 12 weeks to May 27, 2023, while like-for-like sales were up 7%, which it credited to âhigher average selling pricesâ.
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