Burberry’s pivot back to its roots is working

Burberry shares jump 13% after better-than-expected quarterly sales
Burberry on Friday reported a shallower-than-expected dip in sales in the fiscal third quarter, in the first glimpse of fresh efforts to revamp the beleaguered British fashion house.
Burberry Shares Jump 16% As Q4 Sales Fall Less Than Feared
Sales continue to fall at embattled Burberry but at a lesser rate than analysts had predicted. Retail revenues were down 7% in the three months to December, to £659 million. This was down 3% at stable exchange rates. Comparable store sales were down 4% year on year. Market consensus had suggested a fall of around 12%.
Burberry shares jump 15% on better than expected festive sales
Burberry’s shares jumped as much as 15 per cent on Friday after the British luxury group reported a lower than expected fall in sales over the festive period, boosted by US shoppers splashing out on high-end fashion.
Burberry shares rise 13% after sales beat expectations
Shares in British luxury retailer Burberry soared by more than 13% in opening trade on Friday after its third-quarter sales fell by less than forecast.
Burberry’s pivot back to its roots is working as shares jump 15% following better-than-expected sales
Burberry is turning to its forte and "offering a range of products to attract a broad base of luxury customers," CFO Kate Ferry said.
The Burberry share price soars 15% after today’s results – is there more to come?
Harvey Jones is thrilled by the stellar performance of the Burberry share price this morning. This puts the lid on a brilliant recovery but can the fun continue? The post The Burberry share price soars 15% after today’s results – is there more to come?
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