Burberry Group Plc news and archive

Burberry forecasts challenging H1 ahead

Burberry’s revenue for FY24 remained flat at CER and declined 4 percent reported to 2,968 million pounds, while comparable store sales were down 1 percent offset by a challenging second half year performance, down 8 percent. Adjusted operating profit fell 25 percent CER and 34 percent reported, while adjusted profit before tax was 383 million...

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Burberry CFO Kate Ferry takes short leave of absence

Burberry Group’s chief financial officer Kate Ferry will be taking a short leave of absence after undergoing unscheduled surgery. The company said in an announcement that Ferry is expected to resume her normal duties in June 2024. Ferry joined Burberry last year. She is responsible for finance and business services functions reporting to chief...

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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...