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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

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