Burberry published slightly better-than-expected H1 22/23 figures. The resumed tourist spending in Europe and progressively improved trading in mainland China have led comparable retail sales to increase by 11% in Q2 22/23 after advancing 1% in Q1 22/23.
Although the group sees the recessionary risk and lingering COVID-19-restrictions weighing on business in the coming months, the new leader aims to increase revenue to £4bn in the next three to five years with an increase in contribution from a ....

18 Nov 2022
Lee’s handbags should unlock Burberry’s long-term potential

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Lee’s handbags should unlock Burberry’s long-term potential
Burberry Group plc (BRBY:LON) | 822 207.2 3.2% | Mkt Cap: 2,953m
- Published:
18 Nov 2022 -
Author:
Jie Zhang -
Pages:
4 -
Burberry published slightly better-than-expected H1 22/23 figures. The resumed tourist spending in Europe and progressively improved trading in mainland China have led comparable retail sales to increase by 11% in Q2 22/23 after advancing 1% in Q1 22/23.
Although the group sees the recessionary risk and lingering COVID-19-restrictions weighing on business in the coming months, the new leader aims to increase revenue to £4bn in the next three to five years with an increase in contribution from a ....