Published: January 8, 2026 at 4:54 pm
The owner of clothing giant Primark has seen its share price drop dramatically after it issued a profit warning.
Shares in Associated British Foods plc fell 13% today after it told the markets that it expects adjusted operating profit and adjusted earnings per share to fall in 2026. It previously forecasted that they would rise.
In 2025, ABF reported revenues of £19.5 billion and adjusted operating profit of £1.7bn.
The group, headquartered and listed in London, said two months ago that it was considering separating its fashion and food businesses. Described as operating a digitally-enabled, store-led model, Primark had 473 shops across 17 countries at the end of the 2025 financial year and is the flagship brand of ABF, despite being something of an outlier.