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Burberry shares drop as sluggish Christmas sales drive second profit warning in three months
Market Watch· 2024-01-12 11:05
British fashion house Burberry on Friday issued its second profit warning in three months, citing weaker-than-expected sales over the Christmas holidays, and sparking the biggest loss for shares in weeks.The London-listed company said a global slowdown in the luxury goods market had resulted in slowing sales over its “key December trading period,” as it slashed profit guidance for the full-year ending in March 2024. Burberry BRBY, -9.56% now expects to generate adjusted profits worth £410-£460 million ($523 ...
Burberry warns on profit after slow December sales
Proactive Investors· 2024-01-12 07:28
Burberry Group PLC (LSE:BRBY) expects full-year results to be below expectations amid “challenging” trading conditions and a “backdrop of slowing luxury demand”. Chief executive officer Jonathan Akeroyd said: “We experienced a further deceleration in our key December trading period and we now expect our full year results to be below our previous guidance.” The luxury goods retailer now expects adjusted operating profit for the financial year to 30 March 2024 to be in the range of £410 million to £460 millio ...
Burberry: Historically Cheap Amid Macro Headwinds (Rating Upgrade)
Seeking Alpha· 2024-01-09 07:31
Jared Siskin/Getty Images Entertainment Shares of luxury fashion retailer Burberry (OTCPK:BURBY)(OTCPK:BBRYF) have fallen sharply since I last covered the company back in the summer, with the ADSs delivering a stinging negative 32% total return in that time amid a sharp deceleration in sales growth. Data by YCharts Downgrading to Hold at the time, I felt that macro factors might weigh on the company in the near term. Furthermore, Burberry's relative position in the sector means it is likely to underperf ...
Burberry: US investment bank advises caution as it downgrades
Proactive Investors· 2024-01-02 20:50
About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...
Burberry(BURBY) - 2022 Q4 - Earnings Call Presentation
2022-05-18 09:13
■1 r y LONDON ENGLA 2 presentation 18 May 2022 1 2 | --- | --- | --- | --- | --- | |-------|---------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|------------------------------------------------------------------------------------------------------ ...
Burberry(BURBY) - 2021 Q1 - Earnings Call Presentation
2021-05-17 11:43
LONDON PRELIMINARY RESULTS 2021 13 MAY 2021 | --- | --- | --- | --- | |------------------|---------------------------------------|-----------------------------------|------------------------------| | AGENDA FOR TODAY | | BURBERRY PRELIMINARY RESULTS 2021 | | | 09:30-09:45 | Building the new Burberry | | Marco Gobbetti | | 09:45-10:00 | The next chapter: Growth Acceleration | | Marco Gobbetti | | 10:00-10:20 | Financial results | | Julie Brown | | 10:20-11:00 | Q&A | | Marco Gobbetti / Julie Brown | 1 BUILDI ...
Burberry(BURBY) - 2021 Q4 - Earnings Call Transcript
2021-05-13 20:59
Burberry Group plc (OTCPK:BURBY) Q4 2021 Earnings Conference Call May 13, 2021 4:30 AM ET Company Participants Marco Gobbetti - Chief Executive Officer Julie Brown - Chief Operating Officer and Financial Officer Conference Call Participants Louise Singlehurst - Goldman Sachs Thomas Chauvet - Citi Ashley Wallace of Bank - America Merrill Lynch Elena Mariani - Morgan Stanley Luca Solca - Bernstein Antoine Belge - Exane BNP Paribas Rogerio Fujimori - Stifel Marco Gobbetti Good morning, everyone, and thank you ...
Burberry(BURBY) - 2021 Q2 - Earnings Call Presentation
2020-11-12 18:18
BURBERRY LONDON ENGLAND INTERIM RESULTS 2020 MARCO GOBBETTI chief executive officer 1 AGENDA INTRODUCTION Progress to date FINANCIAL RESULTS STRATEGY AND OUTLOOK Q&A | --- | --- | --- | --- | --- | |-------|-------|-------|-------|--------------------------------| | | | | | HALF YEAR RESULTS | | | | | | | | | | | | Total revenue £878m | | | | | | Adjusted operating profit £51m | | | | | | | | | | | | | 2 MOMENTUM DISRUPTED BY COVID, BUT RAPIDLY RECOVERING % 11% -6% -45% FY19 FY20 FY20 FY21 FY20 FY21 Dec 29 ...
Burberry(BURBY) - 2020 Q4 - Earnings Call Presentation
2020-05-22 10:53
BURBERRY LONDON ENGLAND PRELIMINARY RESULTS 2020 MARCO GOBBETTI chief executive officer 1 AGENDA INTRODUCTION COVID-19 IMPACT AND RESPONSE FINANCIAL RESULTS STRATEGY AND OUTLOOK Q&A | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|---------------------------------------------------------------------------------------------------------------| | | | | | | KEY MESSAGES | | | | | | | Excellent strategic progress, ahead of expectations | | | | | | | Material impact from COVID-19, bu ...
Burberry(BURBY) - 2020 Q1 - Earnings Call Transcript
2019-07-16 22:46
Burberry Group Plc (OTCPK:BURBY) Q1 2020 Earnings Conference Call July 16, 2019 4:00 AM ET Company Participants Julie Brown - Chief Operating Officer and Financial Officer Annabel Gleeson - Director of IR Conference Call Participants Elena Mariani - Morgan Stanley Thomas Chauvet - Citigroup John Guy - Mainfirst Anne-Laure Bismuth - HSBC Melanie Flouquet - JP Morgan Rogerio Fujimori - RBC Capital Markets Peter Testa - One Investments Charmaine Yap - Redburn Julie Brown Good morning, and welcome to BurberryÂ' ...