#Viking24, that could be an interesting development should they proceed.. :o) |
Noticed LVMH selling Stella McCartney stake!They are getting ready to talk to Burberry! |
4*
Burberry posted a far better than expected set of numbers for Q3 and the share price has surged up 13% on the release. Comparable store sales were down just 4% in the 13 weeks to 28th December, this was far less bad than the estimated 12% drop that had been expected. Business is starting to stabilise as management continue...
...from WealthOracle
wealthoracle.co.uk/detailed-result-full/BRBY%20/1170 |
Burberry Group PLC Third Quarter Trading Update
RNS Regulatory News - Today @ 07:00
BRBY +12.05% |
I will continue to hold, second half performance expected to nullify first half losses. Us sales on the up, although elsewhere still poor. Lots of promise, let’s hope it comes to fruition H |
Dudishes 15 Nov '24 - 03:00 - 2196 of 2226
At a sticky wicket moment again, short average 738.
Hopefully didn't hold on to that short ?
Shorting from current 1200p+ level probably makes more sense, if you're into that kind of thing. |
Sold out now. GLA. |
 Burberry's quarterly sales drop less than feared
Updated / Friday, 24 Jan 2025 07:38
rté
Burberry has today reported strong festive demand in the Americas
UK luxury brand Burberry has today reported a smaller than expected 4% drop in quarterly comparable store sales, helped by stronger Christmas season demand in the US, an encouraging step in the company's turnaround.
CEO Joshua Schulman, who took over at the struggling brand six months ago, said Burberry's festive advertising campaigns, which highlighted its trademark trench coats and scarves more than bags and shoes, resonated with a broad range of customers.
Schulman's strategy is to put the focus on Burberry's best-known products to win back customers he said were alienated by less recognisable designs and higher prices.
"While we recognise we are still early in our transformation, we are encouraged by the response from customers and partners over the festive period," the company said in a statement.
Third-quarter sales in the Americas rose 4% and Burberry said New York, where the brand opened a refurbished store on 57th Street, performed well.
But Asia Pacific continued to lag, with sales down 9% and mainland China down 7%.
Analysts had expected a 12% decline in comparable sales for the company's third quarter to the end of December.
Burberry said it was now more likely that it would make a profit over its financial year, expecting to offset the adjusted operating loss of £41m it reported in the first half.
rté |
The TU was stronger than I was expecting, Q3 vs LY was off, revenue was negative but could have been a lot worse, with H2 looking profitable and likely to offset H1 losses it positions us much better for H1-25 and hopefully a reinstated dividend but a FY dividend is a bit optimistic.. :o) |
Barberry 3q retail comp sales -4% , EST -12.8%. So better than market expectations ..bloomberg |
extract from todays RNS
In the third quarter, we implemented the following actions to drive Burberry Forward, generating an improvement in brand desirability, an acceleration in the performance of outerwear and scarves, and an uplift in conversion:
· Initiated brand reset with 360-degree "It's Always Burberry Weather" outerwear campaign and "Wrapped in Burberry" festive campaign
· Aligned product focus around recognisable brand signifiers, core categories and good/better/best pricing in a luxury context
· Enhanced visual merchandising in stores with festive windows celebrating outerwear and scarves, the reintroduction of mannequins and cross category styling; introduced new styling online to appeal to broad range of luxury customers and digital innovation with our virtual scarf try-on capability
· Reunited Creative and Commercial teams in newly refurbished headquarters in London, setting the stage for improved collaboration and productivity
FY25 OUTLOOK
As previously communicated, we are acting with urgency to stabilise the business and position the brand for a return to sustainable, profitable growth, supported by strong cash generation and balance sheet strength. We are confident that our strategic plan will improve our performance and drive long-term value creation.
While we recognise we are still early in our transformation, we are encouraged by the response from customers and partners over the festive period. In light of our Q3 performance, it is now more likely our second-half results will broadly offset the first-half adjusted operating loss, notwithstanding the uncertain macroeconomic environment. |
Nothing upbeat in that trading update to these untrained eyes.
Yet again I fail to see the attraction here. |
I hope it is like abdn ...ie upbeat trading statement. |
Upcoming Events
24 Jan 2025 Third Quarter Trading Update |
Burberry boss Joshua Schulman battles takeover rumours
By CITY & FINANCE REPORTER
THIS IS MONEY
Updated: 21:50 GMT, 19 January 2025
Burberry investors are hoping for further signs of revival this week as its new boss battles to quash takeover speculation.
Shares in the luxury brand rose 3 per cent last week – taking gains since a 14-year low in September to nearly 75 per cent – as Cartier owner Richemont posted bumper trading figures.
Burberry will report its numbers on Friday. Chief executive Joshua Schulman is expected to state that the firm has a strong future as an independent business.
In November he said the 'It's always Burberry weather' campaign – featuring Cara Delevingne – helped improve brand perceptions.
Speculation has been rife that Burberry's weak share price, down more than 60 per cent since April 2023, has left it vulnerable to predators.
Richard Hunter, head of markets at Interactive Investor, said: 'On a valuation basis... Burberry remains vulnerable.'
This is Money |
Thank you Viking & fingers crossed that it lasts. Wouldnt be surprised if they go taken over either, but the volume wasnt that high. |
Richemont results |
Does anyone have a guess what happened this morning to make the stock move like this? Didnt see an RNS or other news bit... |
Google trends showing record number of "Burberry" hits in December 2024 |
Our TU 24.01.2025 should be interesting, I do not expect any turnaround impact just yet, the sector is still struggling with high interest rates which have not pulled back much (yet), and T bond yields are still going up, but it will be very interesting to see what our new CEO is doing to mitigate the headwinds and what his strategy is going forward..? after 6 months in the CEO chair.. |
Luxury market is still on a decline, Burberry will definitely suffer from it and is currently overvalued. This is a dead cat bounce, it's probably too soon for any takeover bids too, will head back to 600 |
Shorts have trimmed their positions again a touch. Now 3.98% (declared above 0.5%). |
Burberry Group plc
930.20 GBX +34.00 (3.79%)
Dec 6, 16:58 GMT |
Thanks W, much of the above I have missed. My fault, easily led by wife and friends? |
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