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Burberry is scheduled to report results for the first half of its fiscal year 2025 on Thursday. Here is what you need to know. SALES FORECAST: The British luxury group is expected to book revenue .
The British company warned its annual adjusted operating profit could land at the “lower end” of the current consensus range of £552mn to £668mn amid weaker demand for upmarket goods.LONDON, Jan 12 (Reuters) - Britain's Burberry (BRBY.L) blamed a worsening slowdown in demand for luxury goods for its second downgrade in three months, and warned of a tough . LONDON (Reuters) - Britain's Burberry blamed a worsening slowdown in demand for luxury goods for its second downgrade since November, and warned of a tough challenge .
British luxury goods group Burberry forecast that full-year profits would be ahead of expectations following a strong rebound in trading in recent months, sending its shares sharply higher. For an idea of the optimism required here: say a buyer would have to shell out some £5bn for Burberry, including a 30 per cent takeover premium and £1.1bn of debt. Even .LONDON, Jan 12 (Reuters) - Britain's Burberry (BRBY.L) blamed a worsening slowdown in demand for luxury goods for its second downgrade since November, and warned of a tough . Burberry beat Jefferies’ expectations on revenue and adjusted operating profit. The bank had forecast 2.95 billion pounds, and 407 million pounds, respectively.
LONDON (Reuters) - Britain's Burberry blamed a worsening slowdown in demand for luxury goods for its second downgrade since November, and warned of a tough challenge . Burberry is the latest company to be impacted by the global downturn in luxury spending, warning it may not be able to meet its original forecast of low double-digit revenue . Burberry is scheduled to report results for the first half of its fiscal year 2025 on Thursday. Here is what you need to know. SALES FORECAST: The British luxury group is expected to book revenue .
The British company warned its annual adjusted operating profit could land at the “lower end” of the current consensus range of £552mn to £668mn amid weaker demand for upmarket goods.LONDON, Jan 12 (Reuters) - Britain's Burberry (BRBY.L) blamed a worsening slowdown in demand for luxury goods for its second downgrade in three months, and warned of a tough challenge ahead as. LONDON (Reuters) - Britain's Burberry blamed a worsening slowdown in demand for luxury goods for its second downgrade since November, and warned of a tough challenge ahead as it shifts creative. British luxury goods group Burberry forecast that full-year profits would be ahead of expectations following a strong rebound in trading in recent months, sending its shares sharply higher.
For an idea of the optimism required here: say a buyer would have to shell out some £5bn for Burberry, including a 30 per cent takeover premium and £1.1bn of debt. Even assuming that cheaper .
LONDON, Jan 12 (Reuters) - Britain's Burberry (BRBY.L) blamed a worsening slowdown in demand for luxury goods for its second downgrade since November, and warned of a tough challenge ahead as. Burberry beat Jefferies’ expectations on revenue and adjusted operating profit. The bank had forecast 2.95 billion pounds, and 407 million pounds, respectively. LONDON (Reuters) - Britain's Burberry blamed a worsening slowdown in demand for luxury goods for its second downgrade since November, and warned of a tough challenge ahead as it shifts creative.
burberry stock news
Burberry is the latest company to be impacted by the global downturn in luxury spending, warning it may not be able to meet its original forecast of low double-digit revenue growth for the 2024 fiscal year. Burberry is scheduled to report results for the first half of its fiscal year 2025 on Thursday. Here is what you need to know. SALES FORECAST: The British luxury group is expected to book revenue .
The British company warned its annual adjusted operating profit could land at the “lower end” of the current consensus range of £552mn to £668mn amid weaker demand for upmarket goods.
LONDON, Jan 12 (Reuters) - Britain's Burberry (BRBY.L) blamed a worsening slowdown in demand for luxury goods for its second downgrade in three months, and warned of a tough challenge ahead as. LONDON (Reuters) - Britain's Burberry blamed a worsening slowdown in demand for luxury goods for its second downgrade since November, and warned of a tough challenge ahead as it shifts creative. British luxury goods group Burberry forecast that full-year profits would be ahead of expectations following a strong rebound in trading in recent months, sending its shares sharply higher.
For an idea of the optimism required here: say a buyer would have to shell out some £5bn for Burberry, including a 30 per cent takeover premium and £1.1bn of debt. Even assuming that cheaper .LONDON, Jan 12 (Reuters) - Britain's Burberry (BRBY.L) blamed a worsening slowdown in demand for luxury goods for its second downgrade since November, and warned of a tough challenge ahead as. Burberry beat Jefferies’ expectations on revenue and adjusted operating profit. The bank had forecast 2.95 billion pounds, and 407 million pounds, respectively.
LONDON (Reuters) - Britain's Burberry blamed a worsening slowdown in demand for luxury goods for its second downgrade since November, and warned of a tough challenge ahead as it shifts creative.
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