lonbrby
Burberry Group plc (LON:BRBY)’s first quarter comparable store sales rose 1%, as lockdowns in China took their toll. Excluding Mainland China, comparable store sales grew 16%. This was driven by higher domestic spending in other regions. The group’s latest collections have been well received, with leather goods and outerwear comparable store sales, excluding Mainland China, rising 21% and 19% respectively. Burberry’s on track to add 65 newly designed stores in the 2023 financial year. Q2 2022 hedge fund letters, conferences and more Burberry is still expecting high-single digit revenue growth ...
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Ted Baker’s Trading UpdateSycamore might be feeling like a lovesick teen. Three attempts to woo Ted and now it can only watch as the retailer leaves the dance with someone else. But it’s not the popular kid they’re walking away with, more a rom-com style fixer-upper. Q1 2022 hedge fund letters, conferences and more It has been a race to snap up the firm because of what it could offer, not what it looks like now. And a turnaround is sorely needed. It’s been an eye-popping fall from grace for the retailer over the past few years, long-term shareholders will know that all too well. But it’s that ...
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Burberry Cancels Price CutTo boost its prestige, Burberry cancelled price cuts on mainline items. New CEO Jonathan Akeroyd will be hoping that by winding up markdowns, the retailer will re-establish its exclusivity. But the only way that strategy pays off is if countries with high spending power play ball. Q1 2022 hedge fund letters, conferences and more Enter: China, which has long been Burberry’s crown jewel. Akeroyd’s ability to hit the ground running heavily depends on demand from the Chinese market. Today’s results show the demand is there, the problem is, China’s Covid policies are out o...
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Burberry Group plc (LON:BRBY)’s half year revenues of £1.2bn represent 45% growth year-on-year, once currency movements are accounted for, and are broadly in line with what was achieved pre-pandemic. That reflects strong growth in the Americas, China and South Korea, with strong growth in Leather and outerwear. Q3 2021 hedge fund letters, conferences and more Underlying operating profits rose fourfold to £196m. That reflects higher gross margins as the group focused on reduced discounting and product elevation, driving higher prices. The group announced a dividend of 11.6p, compared to no divi...
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Burberry Group plc (LON:BRBY)’s digital campaigns boost its style hungry fanbase but Gobbetti’s exit still causes concern Q2 2021 hedge fund letters, conferences and more Burberry Is Tapping Into NFTs"Burberry has a knack of signing up stars to catch the mood of its young and growing fan base. Its campaign featuring Marcus Rashford engaged followers on social media, with its mural of him in Manchester, a magnet for anti-racist campaigners. The company’s cachet has acquired another edge of cool with its Olympia handbag campaign featuring singer FKA Twiggs, London DJ Shy Girl and model Kendall J...
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Look ahead to FTSE 350 & other companies reporting from 12 to 16 July Q2 2021 hedge fund letters, conferences and more Deals may be on the agenda with Emis Group Plc (LON:EMIS)PepsiCo, Inc. (NASDAQ:PEP)’s prospects are bubbling upWe’ll see if Barratt Developments PLC (LON:BDEV) is on track to deliver on its completion volume forecastASOS plc (LON:ASC) will let us know what the easing of restrictions means for sales trendsExperian plc (LON:EXPN)'s update could give us an update on the strength of the US recoverySevern Trent Plc (LON:SVT) will tell us whether business water demand is picking upB...
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