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18.07.25 - 17:15
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Goldman, UBS Encouraged By Burberry′s Turnaround Momentum After Earnings Print (ZeroHedge)
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Goldman, UBS Encouraged By Burberry's Turnaround Momentum After Earnings Print
The global luxury market remains under pressure across all major regions—from Asia to Europe to the U.S.—but one brand may be turning a corner. British trench coat maker Burberry has been undergoing a multi-quarter turnaround, showing early signs of a potential bottoming out. A sustained recovery, however, will depend on consumer sentiment holding up amid ongoing trade disputes and mounting macroeconomic headwinds.
Burberry shares jumped 7% in London after the luxury brand reported better-than-expected first-quarter sales—offering a much-needed sigh of relief for traders and investors who've been buying the dip. The rally follows a brutal multi-year bear market, with shares down as much as 78% from their early 2023 peak of £2,656 to a low of £597 by mid-2024.
And the retracement begins.
Q1 FY 2025 was better than expected:
Comparable Retail Sales: -1% (better than -3.67% expected)
Retail Sales...
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18.07.25 - 11:48
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Festivalgoers help drive Burberry to best sales performance in 18 months (The Guardian)
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Music fans snap up wellies, scarves and light jackets, and shares rise 4% on better-than-expected performanceShoppers snapping up Burberry wellies, scarves and light jackets to wear at music festivals have helped the fashion brand to its best sales performance in 18 months despite lacklustre spending by tourists around the world.Sales of the luxury British brand fell 2% to £433m in the three months to the end of June, with a 1% decline at established stores, an improvement from the 6% fall in the previous quarter and the best performance since Christmas 2023. Continue reading......
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