Abstract
- Burberry beat analysts’ gross sales expectations within the first quarter of this fiscal 12 months.
- The model reported revenues of $580.9 million USD, marking a 2% decline from the prior 12 months.
Burberry’s Q1 FY2026 gross sales report is trying higher than anticipated.
The Daniel Lee-led heritage model beat analysts’ expectations, reporting revenues of $580.9 million USD within the three-month interval. The label’s gross sales had been nonetheless down by 2% when in comparison with the 12 months prior (analysts forecasted a 3% decline); nevertheless, the determine marked a big enchancment from Burberry’s 6% decline in gross sales through the earlier quarter. Following the report’s launch, shares within the model climbed by greater than 4%.
From a regional standpoint, Burberry noticed gross sales enhance within the Americas and Europe, although gross sales fell in Asia, the place the label earns a large portion of its enterprise.
“The development in our first-quarter comparable gross sales, energy in our core classes, and uptick in model desirability give us conviction within the path forward,” mentioned CEO Josh Schulman, who began at Burberry one 12 months in the past, per Reuters. “We’re actually happy with the sequential enchancment that we’re seeing throughout the areas and notably the shift to constructive comps in America and EMEA.”
“It’s a troublesome macro on the market and we’re taking issues step-by-step however we’re optimistic concerning the quarters forward,” he added.
See Burberry’s Q1 FY2026 finacial report right here.
