Associated British Foods plc (LSE:ABF) warned Sugar will post a FY2026 adjusted operating loss near £25–£60m and forecast FY2027 losses of £70–£170m, citing gas, prices, weather and FX, while Primark expands into UK home delivery amid mixed sales and a planned demerger; JPMorgan cut the PT to 1,645p.
Previous Week Recap
- ABF Warns FY2026 Loss; FY2027 Outlook: ABF warns Sugar will report FY2026 adjusted operating loss near top of £25–£60m, and forecasts FY2027 loss £70–£170m. Cited higher gas costs, weak EU sugar prices, weather and currency impacts. 2 sources
- Primark UK Home Delivery Launch: ABF's Primark to launch UK home delivery, acquired Sheffield fulfilment site. Primark expects full-year like-for-like sales down 2.6%, total sales up ~2%, and a planned demerger next year.3 sources
- JPMorgan Cuts ABF Target; Neutral: JPMorgan cut Associated British Foods (ABF) price target to 1,645p and kept a Neutral rating; no further commentary or forecast changes were provided.
