RETAIL REVENUE DROPS IN THIRD QUARTER FOR UK LUXURY BRAND BURBERRY

Retail revenue fell in its third quarter for British luxury fashion company Burberry compared to the same period of the previous year.

Burberry reported retail revenue of £659 million ($816 million) for the 13 weeks ended December 28 compared to £706 million in the prior year.

Third quarter comparable store sales declined 4% in the period, with varying performance in each region.

The Americas region grew 4%, Europe, the Middle East, India and Africa (EMEIA) decreased 2% and Asia Pacific decreased 9%.

The company said, in light of third-quarter performance, it is now more likely second-half results will broadly offset the first-half adjusted operating loss, notwithstanding the uncertain macroeconomic environment.

2025-01-24T08:54:30Z