Tag: $Burberry

Burberry jumps after chief vows to ‘act with urgency’ following loss

Stock rises nearly 15% as luxury brand sets out plan to refocus on core products such as trench coats and scarves

Burberry shares jump on Moncler bid report

Shares in Burberry rose as much as 8% on Monday after website Miss Tweed reported that Italy’s Moncler was considering a bid for the London-listed luxury group to create an outdoor clothing specialist giant.

Burberry shares drop 16% after the luxury giant issues profit warning and replaces CEO

Shares in Burberry plunged over 16% on Monday after a disappointing first-quarter performance led it to issue a profit warning, replace its CEO and axe its dividend.

Burberry’s profits plunge as sales slump on slowing luxury demand

Burberry on Wednesday said the slowdown in the luxury goods market hit its sales in the final quarter of 2024 and led to a sharp 34% drop in its full-year profits.  

Burberry warns on profit again as luxury demand ebbs

Britain’s Burberry blamed a worsening slowdown in demand for luxury goods for its second downgrade in three months, and warned of a tough challenge ahead as it launches a strategy to move upmarket, in a blow to its shares.

Burberry shares sink 9% as luxury spending slowdown bites

In its fiscal second-quarter earnings report Thursday, Burberry reported that comparable store sales growth slowed to just 1%, down from 18% in the previous quarter, as momentum in China fizzled out.