Published 1 month ago • loading... • Updated 28 days ago

Burberry shares jump 13% as quarterly sales dip less than expected

Burberry shares increased by 13% after the company reported a smaller-than-expected sales dip in the fiscal third quarter.
Comparable sales fell by 4% in the three months to December, while analysts had predicted a 12% drop.
The company's revenue declined by 7%, totaling 659 million euros, impacted by a 4% fall in comparable store sales.
CEO Joshua Schulman expressed optimism about future growth despite a challenging macroeconomic environment.

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Le Monde

Luxury goods industry cuts costs to boost sales

Since the beginning of 2024, the global market has slowed down after four years of growth. Manufacturers are cutting their budgets in China, the US and Italy while keeping the resources needed to boost business.

28 days ago·Paris, France

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The Sun

Burberry's return to outerwear comforts investors who turned on the brand

BURBERRY’S return to its outerwear roots has comforted investors who had cold-shouldered the brand.New boss Joshua Schulman is focusing a turnaround

29 days ago·United Kingdom

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fashiondive.com

Burberry stock rises after Q3 sales beat expectations

A robust holiday season in the Americas helped the company narrow its losses as it works to implement a strategic turnaround plan.

30 days ago

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Benzinga

Robust US Sales Provide Hope For Burberry Despite A Drop In Q3 Sales - Burberry Group (OTC:BURBY)

Burberry Group (OTC: BURBY) reported a 7% drop in retail revenue for Q3 2024, totaling 659 million Euros. The Americas saw a 4% growth, while Asia Pacific struggled with significant declines

1 month ago·New York, United States

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Financial Times

US shoppers help Burberry to smaller drop in sales than feared

Lower than expected fall comes as UK luxury brand attempts a turnaround

1 month ago·London, United Kingdom

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Reuters

Burberry gets holiday boost thanks to American shoppers

Burberry reported a smaller than expected 4% drop in quarterly comparable store sales on Friday, helped by stronger holiday season demand in the United States, an encouraging step in the British luxury brand turnaround efforts.

1 month ago·United Kingdom

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