Burberry has released its FY 20/21 figures (ended in March), above consensus and our expectations.
The rapid full-price sales rebound and margin progression in the second half of FY20/21 have confirmed the improved attractiveness of the brand; in particular, the strong demand in China, Korea and the US has continued to be the firepower.
However, the updated cautious guidance is indicating some weakness in terms of profitability for the near term.
13 May 2021
Cautious outlook clouds good results
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Cautious outlook clouds good results
Burberry Group plc (BRBY:LON) | 1,133 -362.5 (-2.7%) | Mkt Cap: 4,062m
- Published:
13 May 2021 -
Author:
Jie Zhang -
Pages:
4
Burberry has released its FY 20/21 figures (ended in March), above consensus and our expectations.
The rapid full-price sales rebound and margin progression in the second half of FY20/21 have confirmed the improved attractiveness of the brand; in particular, the strong demand in China, Korea and the US has continued to be the firepower.
However, the updated cautious guidance is indicating some weakness in terms of profitability for the near term.