Primark posts 4 percent sales rise, maintains full year profit outlook

For the first quarter to January 5, 2019, sales at Primark, part of the Associated British Foods, were 4 percent ahead of last year, at both constant currency and actual exchange rates. The company said in a statement that with a higher operating profit margin, profit was well ahead and that sales growth was driven by increased retail selling space partially offset by a modest decline in like-for-like sales.