Burberry(US:BURBY) Ge Long Hui A P P·2025-11-13 07:49Core Viewpoint - Burberry reported a revenue of £1.032 billion for the first half of the fiscal year 2026, reflecting a 3% decline year-on-year at constant exchange rates [1] Financial Performance - The company experienced an operating loss of £18 million, significantly reduced from a loss of £53 million in the same period last year [1] - Adjusted operating profit turned positive at £19 million, compared to a loss of £41 million in the previous year [1] - Gross margin improved to 67.9%, an increase of 410 basis points [1] Sales Performance - Same-store sales increased by 2% year-on-year in Q2, while same-store sales for the first half remained flat compared to last year [1] Future Outlook - Burberry indicated that it is still in the early stages of transformation, with the macroeconomic environment remaining uncertain [1] - The focus for the year is to consolidate initial progress in reigniting consumer purchasing desire, which is crucial for revenue growth [1] - The company expects the impact of its initiatives to gradually become evident over time and will continue to simplify processes, enhance production efficiency, and improve cash flow to sustain profit margin growth [1]