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flag ABF lowers Primark's 2025 sales growth forecast due to UK spending drop and milder weather.

flag Associated British Foods (ABF) has lowered its sales growth forecast for Primark to "low single-digit" for 2025 due to weaker UK consumer spending and milder weather. flag Despite a 2% rise in Primark's overall sales, UK and Ireland sales fell by 4% with a like-for-like drop of 6%. flag ABF's grocery division saw higher demand for Twinings and Ovaltine, while the sugar division declined due to falling European sugar prices. flag The company's total sales across all divisions decreased by 2.2% to £6.73 billion.

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