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. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Generative AI Latest: GenAI Chatbots and Apps Are Ready for Prime TimeHoliday 2022: UK Retail Wrap-UpUsing the Coresight Research 3x3x3 Framework To Navigate a “Chutes and Ladders” Economy: Insights Presented at Golden Seeds 2023 Annual SummitAnalyst Corner—Inside the World of Luxury Retail: Global Market Learnings with Sunny Zheng