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: Positive Sentiment Trend Comes to an End; Kohl’s Leads in Department Store Shopping: US Consumer Survey InsightsTariffs Prompt Pull-Forward Purchases: What Are Consumers Buying Early?—Data GraphicFrom Prohibition to Participation: Measuring the Impact of Cannabis and Psychedelic Mushroom Legalization on Consumer SpendingEarnings Insights 4Q24, Week 3: Gucci Sales Slump 21%, Plus Updates from Ahold, Amazon, Coty and More
