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. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Earnings Insights 4Q24, Week 1: Levi Strauss, P&G, Walgreens and Others Post Sales Growth, While Burberry and Kimberly-Clark Report DeclinesThree Data Points We’re Watching This Week, Week 12: US Retail and Consumer LatestThe CORE Framework for Artificial Intelligence in RetailInnovator Profile: RetailReady—Transforming Retail Compliance with AI and Computer Vision
