Flash Report 3 minutesRegister for Free AccessBurberry (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? Register for a free user account. This document was generated for Other research you may be interested in: Earnings Insights 1Q23, Week 6: Five Below, Lululemon and PVH Post Strong Results; Capri Holdings, Macy’s and Nordstrom See Sales DeclineA Must-Read Guide to Shoptalk 2023: How To Maximize Your Time and Create Opportunities Across Five Retail ThemesMarket Navigator: US Retail and E-Commerce—Uncovering Opportunities in a Changing LandscapeChinese New Year 2023 Preview: Travel Boost Expected as Government Lifts Zero-Covid Policy
