Burberry published a slightly better-than-expected first half performance but warned that the slowdown in luxury demand across the globe has started to weigh on its business.
The group said that it is unlikely to achieve its guidance for FY23/24 if the weaker demand persists.
21 Nov 2023
Softer consumer sentiment weighs on current trading
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Softer consumer sentiment weighs on current trading
Burberry Group plc (BRBY:LON) | 1,158 86.8 0.7% | Mkt Cap: 4,151m
- Published:
21 Nov 2023 -
Author:
Jie Zhang -
Pages:
4
Burberry published a slightly better-than-expected first half performance but warned that the slowdown in luxury demand across the globe has started to weigh on its business.
The group said that it is unlikely to achieve its guidance for FY23/24 if the weaker demand persists.