Associated British Foods plc (ASBFY) Q1 2026 Sales/Trading Call Transcript

Core Viewpoint - The trading update for the first quarter of ABF's 2026 financial year indicates weaker-than-expected performance in Primark, prompting an early release of the update [1]. Group Performance - Primark's total sales increased by approximately 1% during the first quarter [1]. - Performance varied across different markets, continuing trends observed in the second half of 2025 [1]. Market Specifics - In the U.K., total sales grew by 3%, with like-for-like sales increasing by 1.7% [1]. - Primark gained market share in the U.K. market [1].