Burberry Group Plc Sponsored ADR (BURBY)
Burberry beat expectations in third quarter thanks to the American consumer
Burberry shares open higher, boosting the overall luxury sector after better-than-expected results, thanks to firm sales in the Americas and early signs that the company's new strategy is starting to bear fruits.
Burberry up 14% as investors cheer shallower sales decline
Burberry Group PLC surged on Friday after third-quarter figures appeared to put to rest jitters around the struggling luxury brand. Though sales declined by 7% to £659 million, Deutsche Bank analysts noted the third quarter had been “much better than expected”.
Burberry sales slide as ‘much to do' yet on turnaround
Burberry Group PLC has unveiled lower sales for the third quarter as the luxury fashion brand continues to grapple with turnaround efforts. Revenue declined by 7% to £659 million over the three months to December, Burberry reported on Friday.
Burberry's quarterly sales dip less than expected following strategic overhaul
Burberry's quarterly sales dip less than expected following strategic overhaul
Burberry's quarterly sales fall less than expected
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.
Burberry investors watch for signs of sales turnaround
Investors have high hopes for Burberry to start showing signs of progress in its turnaround when the British luxury brand reports sales for the crucial festive season this Friday.
Can Burberry spring a Cartier-esque surprise next week
Expectations about Burberry Group PLC (LSE:BRBY) third-quarter update next week have been turned on their head by the numbers from luxury jewellery and watch group Richemont on Thursday. Shares in the Cartier owner jumped more than 15% as it said final quarter sales had improved by more than 10% despite ongoing weakness in China and due to a surge in US sales.
Burberry leads luxury sector rally as Cartier owner smashes sales forecast
Richemont, the owner of luxury jewellery brand Cartier, fired up the jewellery sector after reporting sales miles ahead of expectations for the quarter to end December 2024. Having been worried that sales would continue the weak trends seen earlier in 2024, the Cartier owner turned that on its head by reporting sales up 10% to €6.2 billion in the three months.
How The UK Dividend Stocks Portfolio Performed In 2024
The portfolio's primary goal is to have a high dividend yield, and on that front, it's firing on all cylinders, with a dividend yield of 5.4%. The UK motor finance industry has been seriously impacted by regulatory and legal decisions. Schroders also held its dividend flat, as it faced headwinds from the rise of passive investing as well as pension funds moving assets to life insurers like Legal & General.
Burberry: A Stock Worth Checking Out After 70% Jump
Burberry: A Stock Worth Checking Out After 70% Jump
Burberry and Watches of Switzerland to lead luxury recovery in 2025, broker suggests
Canadian bank says recent data suggests that the luxury sector is stabilising after a tough year with key trends in China and the US looking more amenable going into 2025. Favoured stocks at the Canadian bank are French giant LVMH (target €650) for its diversity, scale advantage and sector bellwether status.
Burberry among the Footsie frontrunners. This upgrade may explain its popularity
Burberry Group PLC (LSE:BRBY) shares were up almost 4% after it featured as one of two upgrades in a note on the retail and luxury sectors by a leading investment bank. Deutsche Bank is now a 'buyer' of the posh Mac maker, anticipating the brand will benefit from improved marketing efforts and a focus on core strengths, setting a target price of 1,180p, a potential 32% rise.
