Burberry : Retail sales growth again within the sector norm but currencies will have more of a negative impact on profitability
>The recovery in China and tourism in Europe ensure decent growth in the short term - We understand that the trends at the start of FY 2023-24 did not differ dramatically from those in the final quarter of the previous financial year where retail sales are concerned (the group will report its Q1 retail sales on 14 July) and as a result the comments by geographical region are fairly similar to those from other sector companies with which we have had contacts recently. ...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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