AB Foods Cuts 2027 Grocery Earnings Outlook to Broadly Flat
AB Foods now expects grocery earnings before interest and taxes to be broadly flat in fiscal 2027, down from its previous forecast for a rise. Barclays analyst Matthew Clements called the cut disappointing but said it was unlikely to sway sentiment much.
AB Foods' cut to its grocery outlook for the 2027 fiscal year is disappointing, but won't sway sentiment too much, says Barclays analyst Matthew Clements. The U.K. conglomerate now expects grocery earnings before interest and taxes to be broadly flat on year. It previously anticipated a rise.
The g…