By Oliver Griffin
Associated British Foods PLC (ABF.LN) said Friday that its performance in the new financial year has been in line with expectations, despite difficult conditions for its Primark business in November.
The U.K. company said that performance in the first eight weeks of fiscal 2019 was as expected and that, despite difficulties, its expectation for a profit increase at Primark is unchanged.
The company backed its full-year guidance and said it still expects adjusted earnings per share for the new financial year to be in line with fiscal 2018.
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