Insight Report 3 minutes PremiumBurberry (LSE: BRBY) 2H17 Trading Update: Sales Buoyed by Accessories, Strong Performance in the UK and Mainland China Coresight Research April 20, 2017 Executive Summary Burberry reported a 2H17 group revenue decline of 1% at constant currency to £1,607 million (up 14% in reported currency), below the consensus estimate of £1,617 million. Retail revenues grew by 3% at constant currency to £1,268 million (up 19% in reported currency). Comps grew by 3%, slightly ahead of the consensus estimate of 2.5%. Wholesale revenues fell by 13% at constant currency to £327 million (down 1% in reported currency) and licensing revenues contracted by 38% at constant currency to £12 million (down 26% in reported currency). The company maintained its expectation for FY17 pretax profit. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Holiday 2023: Exclusive Black Friday and Cyber Monday Survey FindingsInnovator Profile: IN BOLD PRINT. Drives Sustainability in Retail Through Carbon TrackingThree Data Points We’re Watching This WeekInnovator Profile: Hawke AI Powers Performance Analytics for Enhanced Marketing Intelligence
