Las ventas de Burberry vuelven a mejorar por tercer trimestre consecutivo https://t.co/QY311f5IN6
L'icône anglaise Burberry commence à stabiliser ses ventes https://t.co/Eaa6iueit1
Shares of #Burberry $BRBY open higher after the #luxuryGoods maker reported a 1% drop in comparable sales for the June quarter, with US sales rising 4%. This marks a notable improvement for the struggling #LuxuryRetail firm, suggesting that efforts to revive its appeal are https://t.co/v4cmpSlkpx
Burberry Group reported that comparable store sales slipped 1% in the quarter ended June, a smaller decline than the 3.7% drop analysts had expected. Revenue in the Americas rose 4%, outperforming the 0.8% consensus estimate and marking the strongest regional performance. The figures suggest early traction for Chief Executive Officer Joshua Schulman’s turnaround plan, which centres on refocusing the British fashion house on its heritage outerwear and winning back aspirational shoppers. The better-than-forecast results sent Burberry shares higher in London trading, extending their year-to-date gain to about 27%. Management cautioned that the company remains in the initial stages of its recovery and faces uncertain macroeconomic conditions, but reiterated its commitment to cost savings and brand repositioning announced earlier this year.