Burberry Group Plc news and archive

Burberry sales hit by low demand for luxury

Given the slow demand for luxury, Burberry believes it is unlikely to achieve previously stated revenue guidance of low double-digit growth for FY24. The company expects adjusted operating profit would be towards the lower end of the current consensus range of 552 million pounds to 668 million pounds. Burberry’s second quarter comparable store...

Business

Burberry H1 revenues decline 3 percent

In its interim results statement, British luxury goods maker Burberry said on Thursday its H1 revenue for 2018 slid 3 percent at reported FX and 2 percent at CER. Revenues excluding beauty wholesale were up 3 percent reported and 4 percent CER. Retail comparable store sales were up 3 percent compared to 4 percent increase last year. Commenting...

Business

Burberry full year profits increase 4.1 percent

British luxury goods maker Burberry said on Wednesday its full year net profit rose. Revenues dropped by 1.2 percent from the same period last year. The company’s net profit for full year 2017/18 was 410 million pounds, up from 394 million pounds a year earlier. Revenues fell to 2733 million pounds. The profit margin of the company increased to...