Burberry warns on profit after slow December sales

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 ...