Flash ReportBurberry (LSE: BRBY) 1Q17 Results: Weak Tourist Spending Pressures Revenues Coresight Research July 13, 2016 Executive Summary Burberry reported fiscal 1Q17 retail revenue of £423 million, unchanged year over year at constant currency. Retail comparable sales were down 3%, largely driven by weak performance in Hong Kong and Macau and a decline in tourist spending. For FY17, Burberry expects total retail revenue growth in the low single digits. The company expects the wholesale business to decline by more than 10%. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Consumer Sentiment Stabilizes… for Now; Plus, Inflation Awareness Rises: US Consumer Survey InsightsConsumer Sentiment Climbs from July Trough, as Tariff Truce Extended: China Consumer Survey InsightsInnovator Profile: Sotira—Managing Reverse Logistics and Offloading Surplus Inventory with AIFinancial Sentiment Improves; Plus, Online Shopping in Focus: US Consumer Survey Insights
