Burberry Stock News

Burberry Group PLC (LSE:BRBY) has been rewarded for its better-than-expected third-quarter numbers with a string of estimate hikes from Canadian bank RBC. Sales acceleration was broad-based, RBC added, underpinned by scarves and outerwear and a first step in the right first step in the right direction said the bank.

With hindsight, Burberry Group PLC (LSE:BRBY) was the easiest trade of the week. Only last week, Cartier owner Richemont flagged luxury was turning up, especially in the US but such is the market's downer on Burberry that the read-through was either not made or dismissed.

Burberry (BRBY) shares in London trading surged after the luxury group posted better-than-expected sales over the third quarter, raising investor hopes that the sector is on the path to recovery.

The economic slowdown in China has impacted high fashion companies, but recent positive trends in international demand are driving stock prices up. Richemont and Burberry's quarterly reports have sparked optimism, with Burberry showing signs of recovery despite still struggling with sales declines. Burberry's strategic focus on iconic garments and improving international demand are key growth d...

Burberry Group PLC surged on Friday after third-quarter figures appeared to put to rest jitters around the struggling luxury brand. Though sales declined by 7% to £659 million, Deutsche Bank analysts noted the third quarter had been “much better than expected”.

Burberry Group PLC has unveiled lower sales for the third quarter as the luxury fashion brand continues to grapple with turnaround efforts. Revenue declined by 7% to £659 million over the three months to December, Burberry reported on Friday.

Burberry's quarterly sales dip less than expected following strategic overhaul

British luxury brand Burberry reported a smaller than expected 4% drop in quarterly comparable store sales on Friday, helped by stronger festive demand in the United States.