Burberry (BRBY): Flat Comps Beat Expectations

Executive Summary

• Burberry reported flat comps for its third fiscal quarter ending December 31, 2015.
• Comps beat consensus estimates and improved versus the previous quarter.
• Sales in China returned to growth, but negative comps in Hong Kong softened the company’s overall performance.
• Continued investment in digital and mobile contributed to sustaining Burberry’s sales at the global level