AB Foods raises outlook and interim dividend due to Primark's recovery and easing food inflation.
AB Foods raises outlook, interim dividend amid Primark recovery and easing inflation in food division. British conglomerate anticipates "significant growth in both profitability and cash generation" this fiscal year, up from previous guidance of "meaningful progress". Primark's higher average selling prices and new store openings contribute to profit recovery.
April 23, 2024
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