Report
Jean Danjou

Burberry : T1 particulièrement mauvais et changement de CEO, révision en baisse drastique de nos prévisions de résultat

>CA retail T1 bien pire qu’attendu à -21% y/y en comp. - La société a communiqué hier le CA retail pour le T1 avec quelques jours d’avance (publication initialement prévue pour ce vendredi) car elle était en mesure d’annoncer en même temps le changement de son CEO, Joshua Schulman, qui va remplacer effectivement Jonathan Akeroyd dès le 17 juillet. De fait le chiffre publié ressort très mauvais à 458 M£, soit -20% y/y à tcc alors que nous attendions 497 M£ et le consen...
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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