Burberry shares jump 13% after better-than-expected quarterly sales
Burberry on Friday reported a shallower-than-expected dip in sales in the fiscal third quarter, in the first glimpse of fresh efforts to revamp the beleaguered British fashion house.
Burberry Shares Jump 16% As Q4 Sales Fall Less Than Feared
Sales continue to fall at embattled Burberry but at a lesser rate than analysts had predicted. Retail revenues were down 7% in the three months to December, to £659 million. This was down 3% at stable exchange rates. Comparable store sales were down 4% year on year. Market consensus had suggested a fall of around 12%.
Burberry shares rise 13% after sales beat expectations
Shares in British luxury retailer Burberry soared by more than 13% in opening trade on Friday after its third-quarter sales fell by less than forecast.
Burberry sales fall over Christmas as UK labelled 'under-performer' in update
The company stated it was acting with "urgency" to turn the business around and return to profit. The global fashion house, established in England in 1856, identified the UK as the "under-performer" among its markets worldwide. Burberry initiated a £40m cost-cutting programme in November after falling into a loss.
Burberry Group rises Friday, outperforms market
Shares of Burberry Group PLC BRBY rallied 9.86% to £11.76 Friday, on what proved to be an all-around poor trading session for the stock market, with the FTSE 100 Index UKX falling 0.73% to 8,502.35. Supported by world-class markets data from Dow Jones and FactSet,
Burberry's quarterly sales fall less than expected
(Reuters) -British luxury brand Burberry reported a smaller than expected 4% drop in quarterly comparable store sales on Friday, helped by stronger festive demand in the United States. Analysts had expected a 12% decline in comparable sales for the company's third quarter to end-December.
Burberry’s pivot back to its roots is working as shares jump 15% following better-than-expected sales
Burberry is turning to its forte and "offering a range of products to attract a broad base of luxury customers," CFO Kate Ferry said.
US shoppers help Burberry to smaller drop in sales than feared
Burberry’s sales over the festive period fell less than feared thanks to shoppers in the US. The British luxury brand, which is in the middle of a turnaround, reported a 4 per cent drop in quarterly comparable store sales on Friday,
Burberry Stock Soars After Q3 Sales Fall Less Than Estimated
KEY TAKEAWAYS Burberry shares in London trading surged after the luxury group posted better-than-expected sales over the third quarter, raising investor hopes that the sector is on the path to recovery.
Burberry comp sales beat estimates
CNBC's Robert Frank reports on the latest news.
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