adjusted

The company expects a lower adjusted operating margin for its Primark business in the year ahead after a slowdown in sales at the clothing retailer weighed on the group’s fiscal 2025 results.

The company’s adjusted earnings before interest, taxes and amortization margin is still expected at 11.3%-11.8%, but is now expected toward the upper end of the range.

Excluding nonrecurring items, the company reported an adjusted per-share loss of 13 cents, after earnings per share of 64 cents last year.

Revenue and adjusted earnings figures missed Wall Street consensus estimates.

He has since adjusted the tariff rates, often to punish or reward foreign governments.