Streetbeat News

BURBY

Burberry Group

https://www.burberryplc.com/en/index.html

CEO

Marco Gobbetti

Open

9.35

Mkt cap

3.3B

Volume

27K

High

9.42

P/E Ratio

9.87

52-wk high

21.67

Low

9.20

Div yield

0.08

52-wk low

7.38

Burberry Group PLC's shares have been underperforming for 19 months, but a potential takeover bid from Moncler has caught the attention of RBC Capital Markets analysts. The synergies between the two companies make this an interesting prospect.

Portfolio Pulse from

November 06, 2024 | 1:30 pm

Burberry's new CEO, Joshua Schulman, is tasked with reviving the brand amid declining sales and a 40% drop in share price, raising takeover speculations.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Burberry's stock increased following a report that Moncler is considering a bid for the company.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

The luxury market is at a critical turning point, with high-end brands like Hermès and Ferrari expected to outperform, while aspirational brands like LVMH and Burberry face challenges. Tema Luxury ETF is positioned cautiously, holding cash for potential dip-buying opportunities.

Portfolio Pulse from Piero Cingari

October 19, 2024 | 4:00 pm

Burberry Group PLC (OTC:BURBY) reported a 7% Y/Y decline in retail revenue and a 4% Y/Y drop in comparable store sales for the 13 weeks ending Dec. 30, 2023. The company lowered its FY24 adjusted operating profit forecast to £410-460 million, citing a slowdown in luxury goods demand. Shares fell 7% in morning trading, and other luxury stocks like LVMH (OTC:LVMHF) and Kering SA (OTC:PPRUY) also saw declines. Burberry remains committed to a £4 billion revenue target but expects currency headwinds and a high-single-digit percentage decline in wholesale revenue for FY24.

Portfolio Pulse from Lekha Gupta

January 12, 2024 | 3:57 pm

Burberry Group Plc reported an 18% YoY increase in comparable store sales in Q1, with growth in all regions except the Americas. Retail revenue rose 16.6% to £589 million, primarily due to recovery in Mainland China. The company opened or refurbished 19 stores during the quarter. Burberry maintained its current-year guidance of high single-digit revenue CAGR from FY20 base, equating to low double-digit growth in FY24. The company's shares are up 0.61% to $27.87.

Portfolio Pulse from Nabaparna Bhattacharya

July 14, 2023 | 3:19 pm

The upcoming week will see a number of companies reporting their earnings, including JPMorgan, PepsiCo, Delta Air Lines, and ConAgra Foods. The Dow Jones Industrial Average has seen a rebound in the first half of the year, with 15 of the 30 stocks in the index up and 15 down. The June consumer price index (CPI) report is also set to be released, with the previous reading showing an inflation rate of 4% year-on-year.

Portfolio Pulse from Anthony Noto

July 09, 2023 | 8:04 pm

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