Recent trading at Primark has beaten expectations, owner AB Foods said this morning.
AB Foods’ other divisions of grocery, sugar, ingredients and agriculture have matched expectations since the start of the new financial year in September.
This comes in spite of freight problems and rising costs.
“We are managing disruption in our supply chain by prioritising products most in demand with the support of our logistics providers for whom we are a very important customer,” said Michael McLintock, AB Foods’ chair. “Looking ahead we currently expect Primark sales to be significantly better than sales in the comparable period in the last financial year, from December 2020 to April 2021, when the estate was largely closed.”
The company is also set to hold its annual general meeting today.