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Nov 3 2026, 08:09 GMT
Associated British Foods
FY26 results – caution remains on FY27
- Sectors : Foods
- Companies : Associated British Foods
DAVY VIEW
Associated British Foods’ (ABF) FY26 results were broadly in line with expectations, with headline numbers pre-announced in September. FY27 guidance remains unchanged for Sugar and Primark, while the outlook for Grocery has softened modestly. At first look, we envisage modest downside risk to FY27 estimates. The 09:00 earnings call will be key and may provide further clarity on Primark’s volume response to recent price reductions, its forward margin assumptions and the underlying drivers of expected Sugar losses.
