Burberry Group PLC  

Burberry Group PLC (LSE: BRBY) is an FTSE 100 index-listed global luxury goods manufacturer, retailer, and wholesaler. The Company also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company's segments include retail/wholesale and licensing.

Trading Update (13 weeks ended 30 December 2023) (Released on 12 January 2024)

• Financial Performance: The company reported retail revenue to be close to GBP 706 mn for the 13 weeks ended on 30^th December 2023 as compared to GBP 756 mn in pcp. The group reported a decline on account of a 7% negative impact of the currency movement, whereas the comparable store sales declined by 4%, and the contribution.  
• Comparable sales by Region: The group reported comparable store sales improved by 3% across Asia Pacific whereas the sales from EMEIA declined by 5% and the revenue from the America region slipped by 15% in Q3 FY24.
• Outlook: The management is optimistic and given the decline in the demand for luxury brands, the management expects the revenue to be close to GBP 4 bn for FY24. Further, the adjusted operating profit is estimated to be between GBP 410 mn and GBP 460 mn, which is slightly below the previous year's guidance.

Share Price Chart  

Conclusion

Burberry Group PLC (LSE: BRBY) has been trading at the current market price of GBX 1,233.00 (as of 16 January 2024, 10:40 AM GMT).

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 16 January 2024.  The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and/or technical analysis taking into consideration both short-term and long-term scenario.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 6: Dividend Yield may vary as per the stock price movement.