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Primark sales ahead of company expectations in latest quarter

LONDON, July 1 (Reuters) - Associated British Foods said on Thursday third-quarter sales at its Primark fashion stores which reopened after COVID-19 lockdowns were ahead of expectations in all markets.

It said Primark revenues reached 1.6 billion pounds ($2.21 billion) in the third quarter with the reopening of all stores and the opening of seven new stores, up from 0.6 billion pounds in the same period last year.

Primark’s like-for-like sales were 3% up on a two-year basis in the quarter. ($1 = 0.7243 pounds) (Reporting by James Davey; Editing by Kate Holton)

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