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Burberry shares pop 8% as British heritage pivot lures back U.S. shoppers
CNBC· 2025-07-18 10:26
Core Insights - American consumers are increasingly drawn to British heritage fashion, providing optimism for Burberry's recovery despite challenges in the U.S. market [1] - Burberry's sales in the Americas increased by 4% year-on-year for the three months ending June 28, contrasting with a 4% decline in the previous quarter and a 9% drop for the entire fiscal year 2025 [2][3] Sales Performance - The luxury brand's overall group revenues fell by 1% year-on-year to £433 million ($582 million) in the June quarter, which was better than the 3% decline analysts had anticipated [3] - Sales in Europe, the Middle East, India, and Africa (EMEIA) rose by 1% in the June quarter, while Greater China saw a 5% decline and Asia Pacific experienced a 4% drop, primarily due to a slowdown in tourism in Japan [4] Consumer Trends - CEO Joshua Schulman highlighted the diverse luxury consumer base in the U.S., ranging from high-spenders to mall shoppers, indicating a broad appeal for the brand [2] - The company noted improvements across all regions, with local customers showing strength globally and sequential improvements observed in sales [5]