logo
  

Burberry Group Projects FY Group Revenue To Decline By 10% - 11%

Burberry Group (BRBY.L), on Friday, issued trading update ahead of its financial year ending March 27, 2021. The company announced that it continued to see a strong rebound and now expects revenue and adjusted operating profit to be ahead of consensus expectations.

Comparable store retail sales growth for the fourth quarter are expected to be in the range of 28% - 32% higher than the same period of last year.

For the full year, the company projects group revenue to decline by 10% - 11% and the adjusted operating margin to be in the range of 15.5% - 16.5%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Motors will start replacing defective battery modules in Chevrolet Bolt EVs and EUVs with new modules. The replacement battery modules will be shipped to dealers as soon as mid-October, the automaker said in a statement. CVS Health is set to recruit qualified candidates to fill 25,000 clinical and retail jobs during a one-day national career event on Friday, September 24. This will enable CVS to meet the high demand for pharmacists, pharmacy technicians, nurses, and retail store associates to support flu season, COVID-19 vaccinations and testing. Twitter, Inc. (TWTR) announced Monday that it has entered into a binding agreement to settle the consolidated class action lawsuit commenced in 2016 in the United States District Court for the Northern District of California. Under the terms of the proposed settlement, Twitter will pay $809.5 million...
RELATED NEWS
Follow RTT