Burberry : Relative performance remains lacklustre compared with the sector
>Organic growth for retail revenues reached +0% in Q1 with mainland China at -35% - Retail revenues for Q1 of the financial year to end-March 2023 (calendar Q2) totalled £ 505m, i.e. y-o-y growth of +5% reported, +0% at cc and +1% comp. with the selling space effect negative to the tune of 1%; comp. growth in Q4 2021-22 (financial year to end-March 2022) was +7%. We were forecasting retail revenues of £ 522m, i.e. +4% y-o-y at cc and also at comp. growth whilst the Vi...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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