3 minutes

Burberry (LSE: BRBY) FY19 Results: Flat Retail Sales but Retail Comps Grow 2%, Reaffirms 2020 Guidance

Primary Analyst: Coresight Research
Contributors
Primary Analyst: Coresight Research
Other Contributors:
Marie Driscoll, CFA, Managing Director of Beauty and Luxury
Sam Li
Company Earnings Update

Executive Summary

  • Burberry’s FY19 sales declined 1% to £2.72 billion at constant exchange rates, missing the consensus estimate of flat currency neutral. Adjusted EPS was flat at 82.1 pence, beating the consensus estimate of 81.3 pence.
  • Retail comps grew 2% with low single digit percentage growth in Asia Pacific, EMEA and the Americas.
  • The company confirmed its guidance for FY20: broadly stable revenue and adjusted operating margins at constant exchange rates.

Please Login to read the full report. Not a member? Register for a free user account.