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Burberry Posts 3% Q3 Sales Gain as Gen Z Fuels Asia Rebound

Reduced markdowns lifted full‑price sales, supporting guidance for adjusted operating profit in line with consensus.

Overview

  • Burberry reported retail revenue of £665 million for the 13 weeks to Dec. 27, with comparable retail sales up 3% at constant rates.
  • Greater China rose 6% and Asia‑Pacific gained 5%, with South Korea up 13%, while the Americas increased 2% and EMEIA was flat.
  • The company recorded double‑digit growth in Gen Z customers across China and Asia‑Pacific, bolstering holiday trading.
  • Outerwear and scarves delivered double‑digit gains, with momentum extending to handbags and ready‑to‑wear, supported by new scarf bars nearing 200 locations.
  • Management kept its outlook for adjusted operating profit in line with consensus for FY2026, and shares climbed roughly 4% to 6% on the update.