Associated British Foods plc (ASBFY) Income Statement Analysis

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Complete financial analysis of Associated British Foods plc (ASBFY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Associated British Foods plc, a leading company in the Packaged Foods industry within the Consumer Defensive sector.

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Associated British Foods plc (ASBFY)

Industry: Packaged Foods

Sector: Consumer Defensive

Website: https://www.abf.co.uk

About Associated British Foods plc

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses. The Sugar segment is involved in growing, processing, and selling sugar beet and sugar cane to industrial users. The Agriculture segment manufactures and sells animal feeds; and provides other products and services for the agriculture sector. The Ingredients segment manufactures bakers' yeast, bakery ingredients, enzymes, lipids, yeast extracts, and cereal specialties. The Retail segment is involved in buying and merchandising clothing and accessories through the Primark and Penneys retail chains, which offer womenswear, menswear, children's wear, footwear, accessories, homeware, and skincare products. The company was founded in 1935 and is headquartered in London, the United Kingdom. Associated British Foods plc is a subsidiary of Wittington Investments Limited.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986
Revenue	20.07B	19.75B	17.00B	13.88B	13.94B	15.82B	15.57B	15.36B	13.40B	12.80B	12.94B	13.32B	12.25B	11.07B	10.17B	9.26B	8.24B	6.80B	6.00B	5.62B	5.17B	4.91B	4.55B	4.42B	4.41B	4.30B	4.20B	5.20B	5.71B	4.89B	4.51B	4.39B	3.95B	4.88B	2.77B	2.50B	2.27B	2.20B	3.13B
Cost of Revenue	15.19B	15.59B	13.22B	10.75B	10.80B	12.19B	11.99B	11.75B	10.26B	9.77B	9.79B	10.10B	9.29B	10.27B	9.36B	7.09B	6.33B	5.06B	4.44B	0.00	4.74B	4.53B	4.16B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	4.88B	4.16B	3.78B	3.13B	3.14B	3.64B	3.58B	3.61B	3.14B	3.03B	3.15B	3.22B	2.96B	800.00M	812.00M	2.17B	1.91B	1.74B	1.56B	5.62B	421.00M	378.00M	388.00M	4.42B	4.41B	4.30B	4.20B	5.20B	5.71B	4.89B	4.51B	4.39B	3.95B	4.88B	2.77B	2.50B	2.27B	2.20B	3.13B
Gross Profit Ratio	24.32%	21.08%	22.23%	22.55%	22.51%	22.98%	23.01%	23.48%	23.44%	23.66%	24.34%	24.18%	24.16%	7.23%	7.99%	23.45%	23.17%	25.62%	26.03%	100.00%	8.15%	7.70%	8.54%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	51.00M	37.00M	34.00M	31.00M	30.00M	26.00M	37.00M	36.00M	37.00M	38.00M	75.00M	70.00M	24.00M	22.00M	23.00M	21.00M	16.00M	12.00M	11.00M	8.00M	7.00M	6.00M	7.00M	8.00M	7.00M	9.00M	7.00M	7.00M	9.00M	7.00M	8.00M	7.00M	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	1.37B	1.22B	1.05B	952.00M	953.00M	981.00M	944.00M	954.00M	841.00M	781.00M	801.00M	826.00M	737.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	1.68B	1.60B	1.47B	1.30B	1.29B	1.36B	1.36B	1.39B	1.27B	1.26B	1.27B	1.31B	1.27B	1.22B	1.15B	1.00B	908.00M	807.00M	770.00M	722.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	3.05B	2.82B	2.51B	2.26B	2.25B	2.34B	2.30B	2.34B	2.11B	2.04B	2.07B	2.14B	2.01B	1.22B	1.15B	1.00B	908.00M	807.00M	770.00M	722.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Expenses	-98.00M	-94.00M	13.22B	-1.00M	10.80B	12.19B	0.00	0.00	-68.00M	0.00	0.00	0.00	0.00	37.00M	16.00M	10.00M	15.00M	10.00M	10.00M	7.00M	-128.00M	-85.00M	-106.00M	4.12B	4.07B	3.97B	3.87B	5.28B	5.36B	4.55B	4.23B	4.11B	3.69B	4.88B	2.77B	2.50B	2.27B	2.20B	3.13B
Operating Expenses	2.95B	2.78B	15.73B	2.26B	13.05B	14.52B	14.29B	14.09B	2.04B	11.81B	11.87B	12.24B	11.30B	10.26B	9.34B	8.64B	7.71B	6.26B	5.52B	5.10B	4.71B	-42.00M	4.17B	4.12B	4.08B	3.98B	3.88B	5.29B	5.37B	4.56B	4.23B	4.12B	3.70B	4.88B	2.77B	2.50B	2.27B	2.20B	3.13B
Cost & Expenses	18.14B	18.37B	15.73B	13.01B	13.05B	14.52B	14.29B	14.09B	12.30B	11.81B	11.87B	12.24B	11.30B	10.26B	9.34B	8.64B	7.71B	6.26B	5.52B	5.10B	4.74B	4.49B	4.16B	4.12B	4.08B	3.98B	3.88B	5.29B	5.37B	4.56B	4.23B	4.12B	3.70B	4.88B	2.77B	2.50B	2.27B	2.20B	3.13B
Interest Income	277.00M	233.00M	19.00M	78.00M	11.00M	15.00M	15.00M	9.00M	6.00M	8.00M	15.00M	13.00M	9.00M	9.00M	12.00M	17.00M	21.00M	20.00M	32.00M	162.00M	11.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	266.00M	250.00M	109.00M	180.00M	123.00M	42.00M	50.00M	59.00M	56.00M	61.00M	73.00M	100.00M	114.00M	101.00M	88.00M	95.00M	74.00M	55.00M	46.00M	137.00M	23.00M	30.00M	22.00M	24.00M	26.00M	25.00M	22.00M	22.00M	25.00M	29.00M	30.00M	34.00M	41.00M	47.80M	7.00M	6.90M	5.70M	8.00M	7.50M
Depreciation & Amortization	949.00M	886.00M	870.00M	897.00M	916.00M	612.00M	574.00M	571.00M	486.00M	482.00M	496.00M	535.00M	516.00M	413.00M	413.00M	375.00M	310.00M	293.00M	218.00M	186.00M	185.00M	184.00M	167.00M	149.00M	206.00M	142.00M	151.00M	156.00M	172.00M	154.00M	148.00M	138.00M	124.00M	139.00M	70.60M	60.30M	55.20M	51.00M	61.60M
EBITDA	3.13B	2.48B	2.13B	1.80B	1.81B	1.93B	1.86B	1.83B	1.52B	1.47B	1.57B	1.61B	1.53B	1.41B	1.26B	1.03B	911.00M	856.00M	683.00M	850.00M	656.00M	620.00M	591.00M	542.00M	479.00M	467.00M	564.00M	1.03B	627.00M	558.00M	560.00M	510.00M	432.00M	651.50M	361.40M	304.30M	271.30M	249.50M	232.60M
EBITDA Ratio	15.60%	12.54%	13.40%	13.89%	13.30%	12.61%	12.40%	12.42%	11.84%	11.89%	12.38%	12.31%	12.28%	11.45%	12.44%	11.14%	10.88%	13.04%	12.49%	15.62%	13.30%	12.83%	13.62%	12.81%	13.78%	12.84%	13.97%	11.51%	10.97%	11.40%	11.97%	11.54%	11.08%	13.36%	13.02%	12.19%	11.94%	11.33%	7.43%
Operating Income	1.93B	1.38B	1.18B	808.00M	810.00M	1.28B	1.34B	1.34B	1.10B	947.00M	1.08B	1.09B	873.00M	842.00M	819.00M	625.00M	554.00M	556.00M	433.00M	550.00M	421.00M	385.00M	370.00M	271.00M	197.00M	233.00M	298.00M	342.00M	339.00M	335.00M	300.00M	273.00M	247.00M	512.50M	290.80M	244.00M	216.10M	198.50M	171.00M
Operating Income Ratio	9.62%	7.00%	6.93%	5.82%	5.81%	8.10%	8.63%	8.70%	8.22%	7.40%	8.34%	8.21%	7.13%	7.61%	8.06%	6.75%	6.73%	8.18%	7.22%	9.78%	8.15%	7.84%	8.14%	6.13%	4.47%	5.42%	7.10%	6.57%	5.94%	6.85%	6.65%	6.22%	6.25%	10.51%	10.48%	9.77%	9.51%	9.01%	5.46%
Total Other Income/Expenses	-15.00M	-43.00M	-102.00M	-83.00M	-124.00M	-109.00M	-65.00M	240.00M	-61.00M	-230.00M	-60.00M	-220.00M	-112.00M	-85.00M	-56.00M	-130.00M	-27.00M	-48.00M	-22.00M	-70.00M	73.00M	70.00M	50.00M	98.00M	50.00M	67.00M	93.00M	508.00M	91.00M	40.00M	82.00M	65.00M	20.00M	-47.80M	-7.00M	-6.90M	-5.70M	-8.00M	-7.50M
Income Before Tax	1.92B	1.34B	1.08B	725.00M	686.00M	1.17B	1.28B	1.58B	1.04B	717.00M	1.02B	876.00M	761.00M	757.00M	763.00M	495.00M	527.00M	508.00M	419.00M	527.00M	494.00M	448.00M	420.00M	369.00M	247.00M	300.00M	391.00M	850.00M	430.00M	375.00M	382.00M	338.00M	267.00M	464.70M	283.80M	237.10M	210.40M	190.50M	163.50M
Income Before Tax Ratio	9.55%	6.78%	6.33%	5.22%	4.92%	7.41%	8.21%	10.26%	7.78%	5.60%	7.88%	6.58%	6.21%	6.84%	7.50%	5.35%	6.40%	7.47%	6.99%	9.37%	9.56%	9.13%	9.24%	8.35%	5.61%	6.98%	9.32%	16.34%	7.53%	7.66%	8.46%	7.71%	6.75%	9.53%	10.23%	9.50%	9.26%	8.65%	5.22%
Income Tax Expense	437.00M	272.00M	356.00M	227.00M	221.00M	277.00M	257.00M	365.00M	221.00M	193.00M	237.00M	242.00M	178.00M	180.00M	194.00M	112.00M	136.00M	108.00M	111.00M	141.00M	146.00M	125.00M	95.00M	118.00M	111.00M	115.00M	124.00M	161.00M	144.00M	119.00M	68.00M	104.00M	96.00M	149.50M	90.70M	72.20M	70.80M	64.10M	63.20M
Net Income	1.46B	1.04B	700.00M	478.00M	455.00M	878.00M	1.01B	1.20B	818.00M	532.00M	762.00M	591.00M	555.00M	541.00M	546.00M	359.00M	357.00M	369.00M	301.00M	379.00M	342.00M	326.00M	322.00M	243.00M	138.00M	184.00M	265.00M	681.00M	278.00M	250.00M	308.00M	228.00M	166.00M	193.60M	267.20M	196.20M	108.90M	451.40M	111.80M
Net Income Ratio	7.25%	5.29%	4.12%	3.44%	3.26%	5.55%	6.47%	7.80%	6.10%	4.16%	5.89%	4.44%	4.53%	4.89%	5.37%	3.88%	4.34%	5.43%	5.02%	6.74%	6.62%	6.64%	7.08%	5.50%	3.13%	4.28%	6.32%	13.09%	4.87%	5.11%	6.82%	5.20%	4.20%	3.97%	9.63%	7.86%	4.79%	20.50%	3.57%
EPS	1.94	1.34	0.89	0.61	0.58	1.11	1.27	1.52	1.03	0.67	0.96	0.75	0.70	0.69	0.69	0.46	0.45	0.47	0.38	0.48	0.43	0.41	0.41	0.31	0.17	0.21	0.34	0.86	0.35	0.32	0.39	0.29	0.21	0.25	0.34	0.25	0.14	0.61	0.16
EPS Diluted	1.94	1.34	0.89	0.61	0.58	1.11	1.27	1.52	1.03	0.67	0.96	0.75	0.70	0.69	0.69	0.46	0.45	0.47	0.38	0.48	0.43	0.41	0.41	0.31	0.17	0.21	0.34	0.86	0.35	0.32	0.39	0.29	0.21	0.25	0.34	0.25	0.14	0.61	0.16
Weighted Avg Shares Out	751.00M	778.00M	789.00M	790.00M	790.00M	790.00M	790.00M	790.00M	791.00M	790.00M	790.00M	790.00M	789.00M	788.00M	788.00M	789.00M	790.00M	790.00M	790.00M	789.00M	789.00M	788.60M	789.22M	789.00M	789.00M	860.00M	789.36M	791.67M	791.67M	791.67M	791.67M	790.24M	790.24M	789.18M	787.25M	786.54M	784.96M	742.72M	700.48M
Weighted Avg Shares Out (Dil)	751.00M	778.00M	789.00M	790.00M	790.00M	790.00M	790.00M	790.00M	791.00M	790.00M	790.00M	790.00M	789.00M	788.00M	788.00M	789.00M	790.00M	790.00M	790.00M	789.00M	789.00M	788.60M	789.22M	789.00M	789.00M	860.00M	789.36M	791.67M	791.67M	791.67M	791.67M	790.24M	790.24M	789.18M	787.25M	786.54M	784.96M	742.72M	700.48M

AB Foods says Primark sales slide as bad weather hits shopper numbers

September 5, 2024proactiveinvestors.co.uk

Primark's like-for-like sales went into reverse in the second half of its financial year, today's update from parent company Associated British Foods PLC revealed, with sugar profits also lower than expected but a £100 million share buyback to help sugar the...

AB Foods visibility an issue in next week's trading's update

September 3, 2024proactiveinvestors.co.uk

Associated British Foods PLC (LSE:ABF) is among the big names reporting next week (on Tuesday 10 September) with the bulls (ShoreCap) expecting it to underline its strengths. Namely for the broker, this means a strong positive culture and sense of...

Associated British Foods: Lagging Market Sentiment Has Created A Buy Opportunity

August 28, 2024seekingalpha.com

After a strong 2023, Associated British Foods' share price is again lagging. In the meantime, however, business fundamentals continue to improve and margins are near record highs. Primark growth is accelerating, while the outlook for the Grocery and Sugar divisions...

Shop prices down for the first time in three years; AB Foods and Bakkavor endure collateral damage

August 27, 2024proactiveinvestors.co.uk

Supermarket suppliers Associated British Foods PLC (LSE:ABF) and Bakkavor Group PLC (LSE:BAKK) were under pressure in early trading after the latest data revealed that UK shop prices had hit reverse gear for the first time in three years. The British Retail Consortium figures...

Is Associated British Foods (ASBFY) Outperforming Other Consumer Staples Stocks This Year?

August 23, 2024zacks.com

Here is how Associated British Foods PLC (ASBFY) and Edgewell Personal Care (EPC) have performed compared to their sector so far this year.

Are Investors Undervaluing Associated British Foods (ASBFY) Right Now?

August 22, 2024zacks.com

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...

Next to outperform ABF's Primark in coming months as momentum shifts

August 21, 2024proactiveinvestors.co.uk

Shares in Next PLC (LSE:NXT) are expected to outperform those of Primark owner Associated British Foods PLC (LSE:ABF) off the back of the FTSE 100 clothing retailers' trading updates next month, according to analysts at Jefferies. The US investment bank has...

Associated British Foods: Solid Fundamentals And Promising Future Growth Make It A Top Investment Pick

July 27, 2024seekingalpha.com

Associated British Foods is a diversified conglomerate and operates in multiple sectors, ensuring a stable revenue stream and reducing dependency on any single market. Recent earnings show strong profit growth, particularly in the grocery and sugar divisions, with a positive...