Burberry : Very tough start to year, further sharp downward revision to earnings forecasts
>Trend still in the doldrums across the zones, retail growth in Q1 set to be even more negative than in previous quarter - Group retail revenues fell by 12% in comparable terms in Q4 2023-24, and there is every reason to expect this score to have worsened further in Q1 given trends in Asia which remain very negative. Japan is still driven by tourism but the trend in China remains under pressure and southern Asia, including Hong Kong and Macao, is set to show an even s...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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