Burberry : Sector context even tougher, more marked deterioration in financial performance
>Retail decline set to exceed 20% in Q2, we have reduced our full-year revenue forecasts by -4% to March 2025 and -6% to March 2026 - - The indications given by the group coming out of Q1 which marked a sharp decline in retail revenues to -21% in comparable terms y-o-y were cautious (tough July, likely EBIT loss in H1) but the shift in the macroeconomic situation especially in China proved unfavourable and there is no real improvement in sight in the other geographie...Burberry Group designs, makes, sources and sells luxury products under the Burberry brand. Co.'s products are for women, men and children and include apparel, accessories, and beauty. Co.'s products are sold globally through its directly operated store network and online at Burberry.com, as well as through franchisees and third-party retailers, both offline and online. In a few selected areas such as Eyewear and Beauty, Co. uses the product and distribution capability of licensing partners. Co. operates in three regions: Asia Pacific; Europe, Middle East, India and Africa; and Americas. As of Mar 31 2017, Co.'s store portfolio had 469 directly-operated stores and 48 franchise stores.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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