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