Associated British Foods Plc (ASBFY) Pre Close Trading Update Conference Call (Transcript)

Core Viewpoint - The company has reported a positive performance in the second half of the 2025 financial year despite facing challenging market conditions, including consumer caution, geopolitical uncertainty, tariffs, and persistent inflation in the U.S. and U.K. markets, particularly in food [2]. Group Performance - Primark's overall sales are expected to increase by 1% in the second half of the financial year, showing strong improvement in trading within the U.K. and Ireland [3]. - Total sales for Primark are anticipated to rise in the second half following a difficult first half, especially in the months after the budget announcement [3]. - The product offering has been strong, particularly in womenswear, contributing to the positive sales outlook [3].