Burberry shares rise 13% after sales beat expectations
Shares in British luxury retailer Burberry soared by more than 13% in opening trade on Friday after its third-quarter sales fell by less than forecast.
Burberry's quarterly sales dip less than expected following strategic overhaul
Burberry on Friday reported a shallower-than-expected dip in sales in the fiscal third quarter, providing a first glimpse of CEO Joshua Schulman’s efforts to revamp the beleaguered British fashion house.
US shoppers help Burberry to smaller drop in sales than feared
Burberry’s sales over the festive period fell less than feared thanks to shoppers in the US. The British luxury brand, which is in the middle of a turnaround, reported a 4 per cent drop in quarterly comparable store sales on Friday,
Burberry's quarterly sales fall less than expected
(Reuters) -British luxury brand Burberry reported a smaller than expected 4% drop in quarterly comparable store sales on Friday, helped by stronger festive demand in the United States. Analysts had expected a 12% decline in comparable sales for the company's third quarter to end-December.
Burberry Shares Jump 16% As Q4 Sales Fall Less Than Feared
Sales continue to fall at embattled Burberry but at a lesser rate than analysts had predicted. Retail revenues were down 7% in the three months to December, to £659 million. This was down 3% at stable exchange rates.
Burberry says turnaround plan showing early progress despite festive sales dip
In an update to shareholders, the luxury fashion band said the plan launched in November was already starting to pay off.
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