Burberry Comparable Store Sales Rise 4% in Fiscal Second Quarter
Burberry said comparable store sales climbed 4% year over year in its fiscal second quarter. Bernstein analysts cited resilience across all regions as the company continues its turnaround strategy.
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Burberry's shares jump after the British trench-coat maker posted a better-than-expected rise in comparable store sales for its fiscal second quarter. The results should be well received in the context of a challenging luxury demand environment, analysts at RBC Capital Markets say. Some of the comp…
Burberry posted a strong retail performance, driven by better resilience across all regions, as it pushes ahead with its turnaround strategy, analysts at Bernstein say in a note. The U.K. company said that comparable store sales for its fiscal second quarter climbed 4% on year. This was ahead of co…