{"id":12346,"date":"2012-07-12T12:30:35","date_gmt":"2012-07-12T10:30:35","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/update-2-primark-weathers-storms-to-keep-ab-foods-on-track\/"},"modified":"2012-07-12T12:30:35","modified_gmt":"2012-07-12T10:30:35","slug":"update-2-primark-weathers-storms-to-keep-ab-foods-on-track","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-primark-weathers-storms-to-keep-ab-foods-on-track\/","title":{"rendered":"UPDATE 2-Primark weathers storms to keep AB Foods on track"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Group revenues up 11 pct in 40 weeks to June 23<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Sees substantial rise in FY adjusted op profit, EPS<\/p>\n<p><span><\/span><\/p>\n<p>* Primark like-for-like sales continue solid H1 trend<\/p>\n<p><span><\/span><\/p>\n<p>* Shares down 0.2 pct<\/p>\n<p><span><\/span><\/p>\n<p>By Helen Massy-Beresford<\/p>\n<p><span><\/span><\/p>\n<p>LONDON July 12 (Reuters) &#8211; Associated British Foods<br \/>\nis on course for a big rise in full-year adjusted earnings, it<br \/>\nsaid on Thursday, as cash-strapped shoppers braved wet weather<br \/>\nto snap up budget fashions at its Primark clothing chain.<\/p>\n<p><span><\/span><\/p>\n<p>The London-based food and retailing company said group<br \/>\nrevenues rose 11 percent in the 40 weeks to June 23, or 12<br \/>\npercent at constant currency exchange rates, also reflecting<br \/>\nstrong sugar sales.<\/p>\n<p><span><\/span><\/p>\n<p>ABF, which also sells Silver Spoon sugar and Twinings tea,<br \/>\nsaid Primark enjoyed good trading in the latest quarter in the<br \/>\nUK and Ireland despite the poor weather that kept shoppers off<br \/>\nthe streets, particularly in April.<\/p>\n<p><span><\/span><\/p>\n<p>Underlying growth in the latest quarter continued the<br \/>\nmomentum of the first half, when the chain enjoyed like-for-like<br \/>\ngrowth of 2 percent, finance director John Bason told Reuters.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Group revenues up 11 pct in 40 weeks to June 23 * Sees substantial rise in FY adjusted op profit, EPS * Primark like-for-like sales continue solid H1 trend * Shares down 0.2 pct By Helen Massy-Beresford LONDON July 12 (Reuters) &#8211; Associated British Foods is on course for a big rise in full-year [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-12346","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=12346"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12346\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}