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.
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.
Troubled Burberry Shows Sign Of Recovery Despite Sales Drop
British fashion house Burberry announced Friday a further decline in sales, hit by weak demand in China, but the troubled group is showing signs of recovery under new leadership.
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'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 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 beat expectations in third quarter thanks to the American consumer
Burberry shares open higher, boosting the overall luxury sector after better-than-expected results, thanks to firm sales in the Americas and early signs that the company's new strategy is starting to bear fruits.
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Retail revenue drops in third quarter for UK luxury brand Burberry
Retail revenue fell in its third quarter for British luxury fashion company Burberry compared to the same period of the ...
Burberry investors watch for signs of sales turnaround
Investors have high hopes for Burberry to start showing signs of progress in its turnaround when the British luxury brand ...
Burberry’s share price soars out trenches but analysts won’t upgrade yet
Investors breathed a sigh of relief this morning after Burberry's first positive set of results since implementing its ...
Burberry jumps as US upturn helps deliver less-than-feared sales fall
Burberry said the launch of Burberry Forward in the quarter had generated "an improvement in brand desirability, an acceleration in the performance of outerwear and scarves, and an uplift in ...
London open: FTSE nudges up on positive US cues; Burberry surges
London stocks nudged higher in early trade on Friday following a positive session on Wall Street, after US President Donald ...
Burberry gets holiday boost from US shoppers
Burberry shares jumped 16% as investors welcomed the sign of improving demand, adding to hopes that luxury shoppers' ...