* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, October 25, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    General Hospital’s Rena Sofer Exits as Lois — But the Door Isn’t Closed – Yahoo

    General Hospital’s Rena Sofer Exits as Lois — But the Door Isn’t Closed – Yahoo

    CNN Launches New Show – What to Know About Host Elex Michaelson – Central Oregon Daily

    Get to Know Elex Michaelson: The Dynamic New Host Taking CNN by Storm

    Johnny Depp Set To Finally Make His Big Hollywood Comeback After Amber Heard Controversy – Yahoo

    Johnny Depp Set for a Triumphant Hollywood Comeback Following Amber Heard Controversy

    ‘Chainsaw Man — The Movie: Reze Arc’ Review: Hit Manga Gets an Ultra-Violent, Surprisingly Emotional Big-Screen Adaptation – Yahoo

    Chainsaw Man – The Movie: Reze Arc Review: A Brutal and Unexpectedly Emotional Big-Screen Adaptation

    Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

    Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

    Sacramento city leaders approve adding 2 entertainment zones in midtown – CBS News

    Sacramento City Leaders Approve Two Thrilling New Entertainment Zones in Midtown

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Comments to EU Regarding the Draft Revised Technology Transfer Block Exemption Regulation and Technology Transfer Guidelines – Information Technology and Innovation Foundation

    Have Your Say: Share Your Thoughts on the Draft Revised Technology Transfer Block Exemption Regulation and Guidelines

    Ghost Tapping is exploiting tap-to-pay technology in order to steal your money; what your need to know – ABC7 New York

    Ghost Tapping: How Thieves Are Using Tap-to-Pay Technology to Steal Your Money and What You Need to Know

    New technology for grading and packing dates – FreshPlaza

    Revolutionary Technology Transforms Date Grading and Packing Process

    Project underway to upgrade technology on 911 towers in Kanawha County – WCHS

    Kanawha County Launches Major Upgrade to 911 Tower Technology

    Next steps: Technology opens new options for greater mobility – Missouri Independent

    Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

    Rydberg Technologies Inc. Announces Launch of Rydberg Photonics in Berlin – The Quantum Insider

    Rydberg Technologies Launches Exciting New Photonics Division in Berlin

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    General Hospital’s Rena Sofer Exits as Lois — But the Door Isn’t Closed – Yahoo

    General Hospital’s Rena Sofer Exits as Lois — But the Door Isn’t Closed – Yahoo

    CNN Launches New Show – What to Know About Host Elex Michaelson – Central Oregon Daily

    Get to Know Elex Michaelson: The Dynamic New Host Taking CNN by Storm

    Johnny Depp Set To Finally Make His Big Hollywood Comeback After Amber Heard Controversy – Yahoo

    Johnny Depp Set for a Triumphant Hollywood Comeback Following Amber Heard Controversy

    ‘Chainsaw Man — The Movie: Reze Arc’ Review: Hit Manga Gets an Ultra-Violent, Surprisingly Emotional Big-Screen Adaptation – Yahoo

    Chainsaw Man – The Movie: Reze Arc Review: A Brutal and Unexpectedly Emotional Big-Screen Adaptation

    Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

    Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

    Sacramento city leaders approve adding 2 entertainment zones in midtown – CBS News

    Sacramento City Leaders Approve Two Thrilling New Entertainment Zones in Midtown

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Comments to EU Regarding the Draft Revised Technology Transfer Block Exemption Regulation and Technology Transfer Guidelines – Information Technology and Innovation Foundation

    Have Your Say: Share Your Thoughts on the Draft Revised Technology Transfer Block Exemption Regulation and Guidelines

    Ghost Tapping is exploiting tap-to-pay technology in order to steal your money; what your need to know – ABC7 New York

    Ghost Tapping: How Thieves Are Using Tap-to-Pay Technology to Steal Your Money and What You Need to Know

    New technology for grading and packing dates – FreshPlaza

    Revolutionary Technology Transforms Date Grading and Packing Process

    Project underway to upgrade technology on 911 towers in Kanawha County – WCHS

    Kanawha County Launches Major Upgrade to 911 Tower Technology

    Next steps: Technology opens new options for greater mobility – Missouri Independent

    Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

    Rydberg Technologies Inc. Announces Launch of Rydberg Photonics in Berlin – The Quantum Insider

    Rydberg Technologies Launches Exciting New Photonics Division in Berlin

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Burberry shares drop as sluggish Christmas sales drive second profit warning in three months

January 12, 2024
in Business
Burberry shares drop as sluggish Christmas sales drive second profit warning in three months
Share on FacebookShare on Twitter

British fashion house Burberry on Friday issued its second profit warning in three months, citing weaker-than-expected sales over the Christmas holidays, and sparking the biggest loss for shares in weeks.

The London-listed company said a global slowdown in the luxury goods market had resulted in slowing sales over its “key December trading period,” as it slashed profit guidance for the full-year ending in March 2024. 

Burberry
BRBY,
-9.37%
now expects to generate adjusted profits worth £410-£460 million ($523-$587 million) this financial year, down from a forecast in November calling for those profits to sit at the lower end of analysts’ forecast range of £552-£668 million.

Shares in Burberry, which is best known for its iconic trench coats and tan-colored scarves, fell 7% on Friday, which would be the worst one-day performance since November 2023 if those losses hold, according to FactSet Research.

Burberry said weaker sales in Europe, Middle East, India and Africa (EMEIA) and Americas saw it generate revenues worth £706 million in the 13 weeks ending Dec. 30, a sum 7% lower than in the same period in 2022. 

The Christmas period resulted in 5% lower sales in the EMEIA region and 15% fewer sales in the Americas, as Burberry blamed a global slump in demand for luxury goods, following the end of a post-pandemic boom. 

Poor performances in those regions were, however, partially offset by a 3% uptick in sales in the Asia Pacific region, driven by an 8% in sales in China and a 9% increase in sales in Japan.

The luxury goods market has suffered over the previous year, as consumers have remained cautious about spending in the face of soaring inflation and wider macroeconomic uncertainty. 

“Burberry is a company in a transition phase, so these weak indications confirm the need for a cautious approach on relaunch stories in the current market environment and a preference for quality names,” said a team of analysts at Equita led by Aleksandra Arsova.

“Self-help is difficult in the best of times, and close to impossible when the market is tough. Burberry’s disappointing update during the crucial fourth calendar quarter of last year is the nth demonstration of this tenet,” added a team of AB Bernstein analysts led by Luca Solca.

Burberry said it remains committed to hitting its £4 billion revenue target for 2024, with long-terms plans to up its annual revenues to £5 billion, as it works to reshape its business under Daniel Lee, a new creative director who joined the fashion house in September 2022.

The world’s top luxury brands regularly offload unsold inventory by selling it at a discount through outlet stores, in order to bolster their revenues.  

“Burberry needs to deliver sustainable earnings growth which in the past has ultimately proved inconsistent through various strategy and brand resets. We view Burberry’s mid-term revenue (£4bn) and margin (20%) targets as optimistic at this stage, and our estimates are materially below these levels by FY28E,” RBC analysts led by Piral Dadhania said.

Lee’s first collection with Burberry started appearing in stores in September 2023. The Bradford-born designer had previously worked as creative director at Kering
KER,
-2.38%
-owned Italian fashion brand Bottega Veneta, where he drove a significant uptick in sales.

The 168-year-old fashion house growth plans include a focus on “Britishness,” with a view to also increasing sales of high margin handbags and accessories, while leveraging Lee’s expertise in leather goods.  

“We are continuing to deliver the transition to our new modern British luxury creative expression for Burberry which started appearing in our stores in early Autumn. We are still in the early stages of executing on this, which has become more challenging against the backdrop of slowing luxury demand,” Burberry CEO Jonathan Akeroyd said. 

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : MarketWatch – https://www.marketwatch.com/story/burberry-shares-drop-as-sluggish-christmas-sales-drive-second-profit-warning-in-three-months-28154eeb?mod=mw_rss_topstories

Tags: BurberrybusinessShares
Previous Post

Student-loan borrowers who took on small debts and have paid for 10 years could have their loans canceled in February 

Next Post

A $45 Stanley water bottle is everything that’s wrong with America right now

New Research Shows Changing Winters Will Hit Northern Lakes the Hardest – Hometown Focus

New Research Reveals How Changing Winters Threaten Northern Lakes the Most

October 25, 2025
Scientists reversed brain aging and memory loss in mice – Science Daily

Breakthrough Discovery: Scientists Reverse Brain Aging and Restore Memory in Mice

October 25, 2025
It’s alive! Spooky science activities to take place Oct. 25-26 at Discovery Playhouse – KFVS12

It’s Alive! Exciting Spooky Science Activities Coming to Discovery Playhouse Oct. 25-26

October 25, 2025
Buying property in Israel: how to choose between lifestyle and investment goals – Ynetnews

Buying Property in Israel: Balancing Your Lifestyle Dreams with Smart Investment Choices

October 25, 2025
Comments to EU Regarding the Draft Revised Technology Transfer Block Exemption Regulation and Technology Transfer Guidelines – Information Technology and Innovation Foundation

Have Your Say: Share Your Thoughts on the Draft Revised Technology Transfer Block Exemption Regulation and Guidelines

October 25, 2025
The NBA Made a Big Bet on Sports Gambling—and It Just Blew Up – The Wall Street Journal

The NBA Made a Big Bet on Sports Gambling—and It Just Blew Up – The Wall Street Journal

October 25, 2025
The $500m slugger who is taking Canada to the World Series – BBC

The $500 Million Slugger Powering Canada’s Journey to World Series Glory

October 25, 2025
Russian Central Bank Cuts Key Rate to 16.5% as Economy Slows – The Moscow Times

Russian Central Bank Cuts Key Rate to 16.5% in Response to Economic Slowdown

October 25, 2025
General Hospital’s Rena Sofer Exits as Lois — But the Door Isn’t Closed – Yahoo

General Hospital’s Rena Sofer Exits as Lois — But the Door Isn’t Closed – Yahoo

October 25, 2025
Health Department Encourages Residents to Take Steps to Prevent Respiratory Viruses – | Larimer County (.gov)

Stay Healthy This Season: Must-Know Tips to Shield Yourself from Respiratory Viruses

October 25, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (886)
  • Economy (907)
  • Entertainment (21,778)
  • General (17,801)
  • Health (9,948)
  • Lifestyle (920)
  • News (22,149)
  • People (908)
  • Politics (917)
  • Science (16,118)
  • Sports (21,407)
  • Technology (15,887)
  • World (890)

Recent News

New Research Shows Changing Winters Will Hit Northern Lakes the Hardest – Hometown Focus

New Research Reveals How Changing Winters Threaten Northern Lakes the Most

October 25, 2025
Scientists reversed brain aging and memory loss in mice – Science Daily

Breakthrough Discovery: Scientists Reverse Brain Aging and Restore Memory in Mice

October 25, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version