“Primark profits fall as retailer cuts prices to win over cautious shoppers”

Key points

• Primark's adjusted operating profits fell 11% to just over £1 billion.
• Overall sales rose 4% to £9.8 billion due to new stores and franchises.
• Like-for-like sales declined 2.6% amid weaker consumer demand.
• New openings in Europe and the US helped growth despite tariff effects.
• ABF plans to separate Primark from its food businesses in December 2027.