01/26 Trading Update

22 Jan 2026
Financial

Associated British Foods plc (ABF) is today reporting revenue for the 16 weeks to 3 January 2026, following the estimates published on 8 January 2026.

Group

The following table sets out revenue by business segment for the period in comparison to the estimates previously provided, and to same period in the prior year.

 

 

Estimate at 8 January 2026

 

Estimate at 8 January 2026

Revenue

16 weeks to 3 Jan

£m

Change at actual

currency

Change at actual

currency

Change at constant

currency

Change at constant

currency

Retail

3,502

+4.2%

+4%

+1.5%

+1%

Grocery

1,385

In line

In line

+0.7%

+1%

Ingredients

667

(2.9)%

(3)%

(2.1)%

(2)%

Sugar

675

(4.3)%

(2)%

(6.9)%

(5)%

Agriculture

521

(4.1)%

(4)%

(4.1)%

(4)%

Group1

6,759

In line

+1%

(0.9)%

(1)%

 

Primark

The following table sets out revenue by market for the period in comparison to the same period in the prior year. There is no change from the estimates provided on 8 January 2026.

 

Market

Percentage of total sales

Like-for-like sales growth

Total sales growth

UK only

 

+1.7%

+3%

UK and Ireland

45%

+1.1%

+2%

Europe (excluding UK and Ireland)

49%

(5.7)%

(1)%

US

6%

 

+12%

Primark

 

(2.7)%

+1%

 

ABF is scheduled to announce its interim results for the 24 weeks to 28 February 2026 on 21 April 2026.

For further information please contact:

Associated British Foods:

+44 20 7399 6545

Eoin Tonge, Finance Director

Lucinda Baker, Head of Investor Relations

Chris Barrie, Corporate Affairs Director 

Citigate Dewe Rogerson:

+44 20 7638 9571

Kevin Smith +44 7710 815 924

Angharad Couch +44 7507 643 004 

Trading Update


1 This includes revenue of £9m from disposed and closed businesses (2025: £46m)