Overview
- Burberry, which reported results Thursday, said it swung back to a full-year profit after last year’s loss and posted 2% comparable sales growth.
- Greater China and the Americas each rose about 10% in the March quarter, while EMEIA fell 2% as the Middle East conflict and lower tourism curbed spending.
- The savings program delivered about £80 million this year, with a £100 million annualised target set for fiscal 2027 under the Burberry Forward plan.
- Operating profit moved to £115 million and adjusted operating profit to £160 million, reflecting lower costs and a shift back to core outerwear.
- Burberry named Bridgepoint founder William Jackson as incoming chair in November, succeeding Gerry Murphy as the company targets further revenue growth and margin expansion in 2027.