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Associated British Foods (GB:ABF)
LSE:ABF
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
82.3Last Year’s EPS
90.4Same Quarter Last Year
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -13.79%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong performance across various segments, with significant profit growth and strategic investments driving future prospects. However, challenges remain in the Sugar division and with cost pressures in retail. Overall, the sentiment is positive with a focus on future growth and shareholder returns.Company Guidance
In the recent call, George Weston provided a comprehensive overview of ABF's financial performance and strategic developments for the fiscal year 2024. The company reported robust financial growth, with operating profit rising by 38% and adjusted earnings per share increasing by 39%. Cash generation improved significantly, reaching GBP1.4 billion, marking an increase of GBP1.1 billion from the previous year. The return on capital employed also saw a substantial rise, moving to 18.1% from the previous 13.6%. Investments remained a priority, with GBP1.3 billion allocated to foster future growth and support ESG initiatives. The proposed total dividend for 2024 reflects a 50% increase, and over the past two years, GBP2.3 billion has been returned to shareholders through dividends and share buybacks. Revenue for the group reached GBP20.1 billion, a 4% increase on a constant currency basis, driven by strong performances across various segments, particularly in retail, grocery, ingredients, and sugar. Despite challenges, such as inflation and supply chain disruptions, the company demonstrated resilience and strategic foresight, positioning itself for continued growth and shareholder value in the coming years.Significant Profit Growth
Operating profit increased by 38%, and adjusted earnings per share rose by 39%. Cash generation increased to GBP 1.4 billion, an increase of GBP 1.1 billion from the previous year.
Strong Retail Performance
Retail sales grew by 6% at constant currency, with significant growth in key markets such as the US, France, Spain, Italy, and Central and Eastern Europe. The operating margin recovered to 11.7%, with adjusted operating profit rising from GBP 735 million to just over GBP 1.1 billion.
Grocery and Ingredients Success
Grocery achieved profit growth and margin improvement, with sales up 4% on a constant currency basis. Ingredients saw a 12% increase in adjusted operating profit, driven by strong performance in yeast and bakery ingredients.
Strong Cash Flow and Shareholder Returns
Free cash inflow amounted to GBP 1,355 million. The proposed total dividend for 2024 represents a 50% increase, with share buybacks amounting to approximately GBP 1.2 billion over the last two years.
Positive Outlook for Primark
Primark's US expansion reached profitability with 27 stores and plans for further growth. The brand saw strong market share growth in key European markets and proposed a 4-5% sales growth per annum.
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GB:ABF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:ABF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | 2216.63p | 2287.32p | +3.19% |
| Apr 23, 2024 | 2407.94p | 2624.13p | +8.98% |
| Nov 07, 2023 | 1985.62p | 2121.39p | +6.84% |
| Apr 25, 2023 | 1936.50p | 1856.04p | -4.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Associated British Foods (GB:ABF) report earnings?
Associated British Foods (GB:ABF) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Associated British Foods (GB:ABF) earnings time?
Associated British Foods (GB:ABF) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Associated British Foods stock?
The P/E ratio of Associated British Foods is N/A.
What is GB:ABF EPS forecast?
GB:ABF EPS forecast for the fiscal quarter 2025 (Q2) is 82.3.
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