Burberry has published an encouraging FY21/22 result, reflecting a good progression in margin and brand quality.
However, the group confirmed that the outlook is dependent on the impact of COVID-19 in China, and the group is actively managing the headwind from inflation within the current uncertain macro-economic environment.
The new CEO reaffirmed the continuation of the strategic direction in the medium term, offering greater stability.
19 May 2022
Mixed sentiment after the FY22 release
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Mixed sentiment after the FY22 release
Burberry Group plc (BRBY:LON) | 1,132 -339.7 (-2.6%) | Mkt Cap: 4,060m
- Published:
19 May 2022 -
Author:
Jie Zhang -
Pages:
3
Burberry has published an encouraging FY21/22 result, reflecting a good progression in margin and brand quality.
However, the group confirmed that the outlook is dependent on the impact of COVID-19 in China, and the group is actively managing the headwind from inflation within the current uncertain macro-economic environment.
The new CEO reaffirmed the continuation of the strategic direction in the medium term, offering greater stability.