Report
Jean Danjou

Burberry : Croissance très faible au T3 mais la Chine devrait repartir

>Croissance en comparable à seulement +1% pour les ventes retail au T3, soit +11% hors Chine (en baisse de 23%) - Burberry a communiqué un CA retail pour le T3 (T4 calendaire) de 756 M£, soit une croissance à tcc à 0% et à +1% en comparable (après +11% au T2  et +1% au T1), l’effet surface étant négatif sur le trimestre de près d’1 pt. Nous tablions sur 803 M£ soit +5% en croissance comp. le consensus Visible Alpha sur 797 M£, et le consensus relevé par la société att...
Underlying
Burberry Group plc

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jean Danjou

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