Burberry shares jump 12% as quarterly sales dip less than expected
Burberry on Friday reported a shallower-than-expected dip in sales in the fiscal third quarter, in the first glimpse of fresh efforts to revamp the beleaguered British fashion house.
Burberry Shares Jump 16% As Q4 Sales Fall Less Than Feared
Sales continue to fall at embattled Burberry but at a lesser rate than analysts had predicted. Retail revenues were down 7% in the three months to December, to £659 million. This was down 3% at stable exchange rates. Comparable store sales were down 4% year on year. Market consensus had suggested a fall of around 12%.
Burberry shares rise 13% after sales beat expectations
Shares in British luxury retailer Burberry soared by more than 13% in opening trade on Friday after its third-quarter sales fell by less than forecast.
Burberry sales fall over Christmas as UK labelled 'under-performer' in update
The company stated it was acting with "urgency" to turn the business around and return to profit. The global fashion house, established in England in 1856, identified the UK as the "under-performer" among its markets worldwide. Burberry initiated a £40m cost-cutting programme in November after falling into a loss.
Burberry’s pivot back to its roots is working as shares jump 15% following better-than-expected sales
Burberry is turning to its forte and "offering a range of products to attract a broad base of luxury customers," CFO Kate Ferry said.
Burberry's quarterly sales fall less than expected
(Reuters) -British luxury brand Burberry reported a smaller than expected 4% drop in quarterly comparable store sales on Friday, helped by stronger festive demand in the United States. Analysts had expected a 12% decline in comparable sales for the company's third quarter to end-December.
Burberry Stock Soars After Q3 Sales Fall Less Than Estimated
KEY TAKEAWAYS Burberry shares in London trading surged after the luxury group posted better-than-expected sales over the third quarter, raising investor hopes that the sector is on the path to recovery.
Burberry's quarterly sales dip less than expected following strategic overhaul
Burberry on Friday reported a shallower-than-expected dip in sales in the fiscal third quarter, providing a first glimpse of CEO Joshua Schulman's efforts to revamp the beleaguered British fashion house.
Burberry says turnaround plan showing early progress despite festive sales dip
In an update to shareholders, the luxury fashion band said the plan launched in November was already starting to pay off.
US shoppers help Burberry to smaller drop in sales than feared
Burberry’s sales over the festive period fell less than feared thanks to shoppers in the US. The British luxury brand, which ...
Troubled Burberry Shows Sign Of Recovery Despite Sales Drop
British fashion house Burberry announced Friday a further decline in sales, hit by weak demand in China, but the troubled ...
Robust US Sales Provide Hope For Burberry Despite A Drop In Q3 Sales
Burberry Group (OTC: BURBY) reported a 7% drop in retail revenue for Q3 2024, totaling 659 million Euros. The Americas saw a ...
Burberry investors watch for signs of sales turnaround
Investors have high hopes for Burberry to start showing signs of progress in its turnaround when the British luxury brand ...
Burberry’s Challenging Path to Margin Recovery and Revenue Stability
James Grzinic, an analyst from Jefferies, maintained the Sell rating on Burberry (BRBY – Research Report). The associated price target is ...