LONDON, Jan 23 Reuters Associated British Foods expects analysts39; consensus profit expectations for its 202425 year to fall about 2 after the group cut the sales outlook for its Primark clothing business, its finance chief said on Thursday.

After reporting disappointing trading for the Christmas quarter, the group said it was now targeting lowsingle digit sales growth in 2025 for Primark, having previously forecast mid single digit growth.

Prior to the update, analysts were on average forecasting for the group39;s year to midSeptember 2025 an adjusted operating profit, its preferred metric, of 1.863 billion pounds 2.29 billion, down from the 1.998 billion pounds made in 202324.

Finance director Eoin Tonge told Reuters he expected the profit consensus to fall about 2.

1 0.8134 pounds

Reporting by James Davey

Source Reuters