Burberry : Unsurprising full-year results but indications on 2024 look somewhat disappointing
>Retail sales at +16% comp. in Q4, adj. FY EBIT margin of 20.5%: full-year results largely unsurprising - Burberry’s full-year results showed total sales of £ 3.094bn, up +10% y-o-y or +5% cc, adjusted EBIT of £ 634m (margin 20.5%, positive currency effect of € 78m) and adjusted EPS of 122.5p. Our forecasts were respectively £ 3.086bn / € 625m (margin 20.3%) / 119.7p while the company-compiled consensus was £ 3.106bn / £ 621m (margin 20%) / 119.7p. These number are ve...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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