Flash Report 3 minutesRegister for Free AccessBurberry (LSE: BRBY) 1H17 RESULTS: CHALLENGED SALES AND PROFITABILITY EROSION Coresight Research November 10, 2016 Executive Summary Burberry reported a 4% decline in 1H17 total group constant-currency revenue growth to £1,159 million (up 5% in reported currency), below the consensus estimate of £1,165 million. Total results were negatively impacted by weakness in the wholesale and licensing businesses. Total retail sales increased 2% year over year at constant currency (down 11% in reported currency) to £859 million. The retail business was driven by strength in the UK. Wholesale sales declined by 14% year over year at constant currency (down 6% at reported currency) to £287 million in FY17. 1H17 gross margin contracted by 80 basis points and the SG&A margin increased by 50bps, resulting in operating margin contraction of 120bps. 1H17 adjusted EPS declined by 6.2% year over year, in line with consensus. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Weinswig’s Weekly: Talking about Shoptalk 2023Three Things You Need To Know: DNVBs in the US Beauty MarketResearch Preview: Market Navigator—US Mass Merchandisers, Warehouse Clubs and Discount Stores1Q24 US Earnings Season Wrap-Up: Many Retail Companies Post Strong Sales Results