BURBERRY GROUP

In its trading update for Q1 FY27 Burberry reported like‑for‑like retail growth of 5% in the 13 weeks to the end of June and revenue of £455m. The Americas led with +12% and Greater China with +9%, while sales in the EMEIA region fell 3%, which the company attributes to lower tourist activity resulting from the Middle East conflict. The stock fell about 4.7% to 1,068 pence and is roughly 22% below its 52‑week high; analyst consensus remains broadly neutral to hold. » More on de.investing.com

Burberry fell about 8% after publishing preliminary results for fiscal 2026: revenue of £2.4bn was broadly flat but missed forecasts by roughly 1.42%. The company announced no dividend and gave cautious guidance for wholesale growth in the first half of 2027, disappointing investors. Positives include a marked improvement in adjusted profit to £160m and strong momentum in the fourth quarter in Greater China and the Americas; a change in the chair of the board is also forthcoming. » More on de.investing.com

Burberry said its new Cotswolds tote, priced around and under £2,000, helped drive improved bag sales in North America and contributed to a return to full-year pre-tax profit of £49m versus a £66m loss a year earlier. The group reported flat underlying sales at £2.4bn, cut £80m of annual costs and pared store numbers while regaining customers in China and North America. Burberry said ready-to-wear and core categories are recovering, aims for a £3bn sales milestone, and remains confident of meeting analysts' profit expectations despite a 5% share drop after regional travel disruption hit sales in Europe and the Middle East. » More on theguardian.com