Companies
Penneys owner raises profit outlook despite ‘satisfactory trading’ across Irish market
ABF said Irish revenues were impacted in part by a slower recovery in consumer sentiment
Associated British Foods (ABF), the owner of clothing retail giant Penneys, has raised its full-year profit outlook as it benefits from “the restoration of normality” in its markets and supply chain.
The company, which also owns major sugar, grocery, agriculture and ingredients businesses, reported adjusted operating profit of £951 million (€1.102 billion) for the six months to March 2, a 39 per cent increase on the previous year, as revenues rose 2 per cent to ...
