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Burberry was the latest fashion brand to warn of a global slump in luxury demand on Thursday as it sounded the alarm on profit expectations for the year. The British company warned its annual. Burberry is scheduled to report results for the first half of its fiscal year 2025 on Thursday. Here is what you need to know. SALES FORECAST: The British luxury group is .LONDON, July 15 (Reuters) - British luxury group Burberry (BRBY.L) on Monday sacked its CEO and named former Coach boss Joshua Schulman to replace him, as it promises a "more .LONDON, Jan 12 (Reuters) - Britain's Burberry (BRBY.L) blamed a worsening slowdown in demand for luxury goods for its second downgrade in three months, and warned of a tough .
Burberry was the latest fashion brand to warn of a global slump in luxury demand on Thursday as it sounded the alarm on profit expectations for the year. The British company warned its annual.
Burberry is scheduled to report results for the first half of its fiscal year 2025 on Thursday. Here is what you need to know. SALES FORECAST: The British luxury group is expected to book revenue .
LONDON, July 15 (Reuters) - British luxury group Burberry (BRBY.L) on Monday sacked its CEO and named former Coach boss Joshua Schulman to replace him, as it promises a "more familiar" look and.
LONDON, Jan 12 (Reuters) - Britain's Burberry (BRBY.L) blamed a worsening slowdown in demand for luxury goods for its second downgrade in three months, and warned of a tough challenge ahead as it. Burberry is the latest company to be impacted by the global downturn in luxury spending, warning it may not be able to meet its original forecast of low double-digit revenue growth for the 2024 fiscal year.
LOWER FORECAST. Burberry expects full-year 2023/24 adjusted operating profit in a range of between 410 million pounds (3 million) and 460 million pounds. In November, it had said the key.The following consensus for Burberry Group PLC was updated on 16 October. This consensus reflects analyst expectations received between 16 September and 15 October 2024. Financial year ended March 2025 Analyst Consensus Estimates.
Burberry beat Jefferies’ expectations on revenue and adjusted operating profit. The bank had forecast 2.95 billion pounds, and 407 million pounds, respectively.
Burberry Group Plc slumped after the UK trenchcoat maker slashed its profit forecast, a fresh sign that demand for luxury goods, particularly in the US, is waning. Comparable store sales at Burberry rose 5% and improved strongly as the first half progressed. Turnover growth of 1% in the April to June quarter increased to 11% in the following three months. Burberry was the latest fashion brand to warn of a global slump in luxury demand on Thursday as it sounded the alarm on profit expectations for the year. The British company warned its annual.
Burberry is scheduled to report results for the first half of its fiscal year 2025 on Thursday. Here is what you need to know. SALES FORECAST: The British luxury group is expected to book revenue .LONDON, July 15 (Reuters) - British luxury group Burberry (BRBY.L) on Monday sacked its CEO and named former Coach boss Joshua Schulman to replace him, as it promises a "more familiar" look and.LONDON, Jan 12 (Reuters) - Britain's Burberry (BRBY.L) blamed a worsening slowdown in demand for luxury goods for its second downgrade in three months, and warned of a tough challenge ahead as it.
Burberry is the latest company to be impacted by the global downturn in luxury spending, warning it may not be able to meet its original forecast of low double-digit revenue growth for the 2024 fiscal year. LOWER FORECAST. Burberry expects full-year 2023/24 adjusted operating profit in a range of between 410 million pounds (3 million) and 460 million pounds. In November, it had said the key.The following consensus for Burberry Group PLC was updated on 16 October. This consensus reflects analyst expectations received between 16 September and 15 October 2024. Financial year ended March 2025 Analyst Consensus Estimates. Burberry beat Jefferies’ expectations on revenue and adjusted operating profit. The bank had forecast 2.95 billion pounds, and 407 million pounds, respectively.
Burberry Group Plc slumped after the UK trenchcoat maker slashed its profit forecast, a fresh sign that demand for luxury goods, particularly in the US, is waning.
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