Associated British Foods plc (OTCPK:ASBFY) Q4 2025 Earnings Call November 4, 2025 4:00 AM EST Company Participants Michael George McLintock George Weston - CEO & Executive Director Joana Edwards - Interim Finance Director Eoin Tonge - Executive Director Conference Call Participants Warren Ackerman - Barclays Bank PLC, Research Division Adam Cochrane - Deutsche Bank AG, Research Division Richard Chamberlain - RBC Capital Markets, Research Division Geoff Lowery - Rothschild & Co Redburn, Research Division Clive Black - Shore Capital Group Ltd., Research Division Monique Pollard - Citigroup Inc., Research Division Alexander Richard Okines - BNP Paribas, Research Division Sreedhar Mahamkali - UBS Investment Bank, Research Division Presentation Michael George McLintock Okay.
With operating profits of £1.7 billion last year, a sale of Primark may unlock significant value for Associated Britshs Foods.
The group expects a lower adjusted operating margin for its Primark business in the year ahead after a slowdown in sales at the clothing retailer.
Here is how Associated British Foods PLC (ASBFY) and Celsius Holdings Inc. (CELH) have performed compared to their sector so far this year.
Associated British Foods (ASBFY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Associated British Foods has agreed to buy bread brand Hovis from private equity firm Endless, bolstering the group's loss-making Allied Bakeries unit which owns the Kingsmill, Sunblest and Allinson's brands, it said on Friday.
Associated British Foods said it would close its bioethanol plant in northern England if the government does not provide the funding to alleviate the impact of the U.S.-UK trade by the time its consultation process for a wind down is complete.
Associated British Foods' share price decline presents a buying opportunity, as growth is expected to return and valuation multiples remain historically low. The company maintains strong financials with stable margins, improving asset turnover, a healthy balance sheet, and a 4% dividend yield, above its long-term average. Short-term headwinds include UK retail weakness and sugar segment volatility, but medium-term growth is forecast to outpace the sector median.
Associated British Foods' share price has fallen sharply over the past year, as investors remain primarily concerned with near-term performance. The stock is very attractively priced with an attractive and growing dividend. At the same time, Primark's expansion in the U.S. is gaining momentum and margins are at a record-high.
Associated British Foods said on Tuesday it was in talks with private equity firm Endless LLP, owner of British bakery Hovis, about a potential deal for its Allied Bakeries business.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.