Apparel and Accessory Products

Burberry Group plc

Morgan Stanley Upgrades Burberry Rating to Overweight

Barclays cuts Burberry price target to 1410 pence

Burberry CEO states best regional performance in Greater China

Burberry's Business Transformation Progressing Well

Burberry Expects Annual Cost Savings of £100 Million by FY2027

Burberry Reports 3% Revenue Growth in Q3, With Significant Contribution from Gen Z in Greater China

Burberry reports Q3 retail revenue of £665 million

Jefferies Downgrades Burberry Stock Rating to Underweight

Burberry participates in China International Consumer Goods Expo

BURBY

Jefferies analyst James Grzinic has reiterated a Sell rating on Burberry (BRBY) with a price target of p940.00. This follows a similar Sell rating from J.P. Morgan's Chiara Battistini. Conversely, Barclays has maintained a Buy rating on the stock.

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Burberry

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Barclays

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

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JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

Jefferies Sticks to Their Sell Rating for Burberry (BRBY)

BRBY

Burberry's focus on the Chinese market has led to a financial turnaround, reporting a £49m pre-tax profit and £2.4bn revenue for the year ending March. The brand's Lunar New Year collection, symbolizing luck, contributed to a 10% sales growth in Greater China. Burberry's strategy includes targeting mid-tier customers and leveraging local celebrities to enhance brand appeal. However, analysts caution that sustaining interest in China amidst economic challenges remains crucial for long-term stability.

cityam

Robinhood

Year of the fire horse brings glad tidings as Burberry’s bet on China pays off

Burberry is shifting its strategy back to classic products like trench coats and scarves after struggling with high-end luxury items that led to a significant drop in revenue. Under new CEO Joshua Schulman, the brand aims to stabilize sales by reducing prices and focusing on more affordable luxury, contrasting with Coach's successful model. This change comes as Burberry's stock prices have halved, while Coach's shares have surged, highlighting the challenges faced by the UK brand in a weakening luxury market, particularly in China.

Tapestry

Tema Luxury ETF

Burberry’s high-fashion bet faltered. Now it’s back to trench coats and check

KLXY

Burberry has returned to profit with a pre-tax profit of £49m for the year ending March, recovering from a £66m loss the previous year. The fashion house's revenues met expectations at £2.4bn, despite a 2% decline. CEO Joshua Schulman emphasized a significant turnaround, focusing on 'timeless British luxury' and achieving £80m in cost savings. However, earnings per share of 5.9p fell short of the 20p target. Burberry also announced the retirement of chair Gerry Murphy, with growth in China showing promise at 4% year-on-year.

Kraneshares Global Luxury Index ETF

Burberry swings back to profit after cost-cutting regime

Burberry Group disappointed investors with a cautious outlook for the fiscal year, citing geopolitical and economic uncertainties affecting shopper confidence. Despite a rise in like-for-like sales in the fourth quarter, shares fell by 6.7% in early trading. CEO Joshua Schulman's turnaround efforts are showing some success, but the company remains cautious. William Jackson will succeed Gerry Murphy as chair in November. Sales in the Greater China region grew by 10%, while the Middle East and Europe saw a 2% decline due to regional conflicts.

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Burberry’s cautious outlook disappoints after sales boost

Burberry Group plc(BRBY.UK)

Jefferies Sticks to Their Sell Rating for Burberry (BRBY)

Year of the fire horse brings glad tidings as Burberry’s bet on China pays off

Burberry’s high-fashion bet faltered. Now it’s back to trench coats and check

Burberry swings back to profit after cost-cutting regime

Burberry’s cautious outlook disappoints after sales boost