Consumer caution dampens Primark results as owner ABF reports profits hit

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Associated British Foods (ABF) posted mixed results today across the Group for the year to 1^st March 2025 amid a strong international performance from its retail business, Primark.

Group revenue was down 2% at £9.5 billion ($12.7 billion), and adjusted profit before tax was also down 10% from £911 million ($1.2 billion) the previous year to £818 million ($1.09 billion).