Burberry shares drop as sluggish Christmas sales drive second profit warning in three months

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 ...