Burberry : Very weak growth in Q3 but China should see an upturn
>Comparable growth at just +1% for retail sales in Q3, i.e. +11% excl. China down -23% - Burberry has announced retail sales for Q3 (calendar Q4) of £ 756m, i.e. growth at cc of 0% and +1% on a comparable basis (after +11% in Q2 and +1% in Q1), with a negative selling space effect over the quarter of close to 1 point. We had forecast £ 803m, i.e. +5% comparable growth, the Visible Alpha consensus had expected £ 797m, and the company consensus showed comparable growth...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.