BRBY.L - Burberry Group plc

LSE - LSE Delayed price. Currency in GBp
2,143.00
+14.00 (+0.66%)
As of 10:07AM GMT. Market open.
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Previous close2,129.00
Open2,150.00
Bid2,142.00 x 0
Ask2,143.00 x 0
Day's range2,082.00 - 2,159.00
52-week range1,618.50 - 2,362.00
Volume350,991
Avg. volume1,540,236
Market cap8.665B
Beta (3Y monthly)0.58
PE ratio (TTM)26.23
EPS (TTM)81.70
Earnings date14 Nov 2019
Forward dividend & yield0.42 (2.06%)
Ex-dividend date2019-06-27
1y target est1,915.22
  • Reuters - UK Focus

    LIVE MARKETS-Armageddon: When market gurus get it wrong

    * European shares drop on economic growth concerns * STOXX 600 down 0.1%; DAX -0.2%; FTSE -0.4% * German economy narrowly escapes recession Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: rm://julien.ponthus.thomsonreuters.com@reuters.net ARMAGEDDON: WHEN MARKET GURUS GET IT WRONG (1524 GMT) In 2010, just two years after the brutal financial crisis, a host of market experts and money managers started coming out with predictions on the next blow-up, some forecasting wild scenarios, such as a 90% stock market drop.

  • Burberry aims to woo more customers in China with Tencent tie-up
    Reuters

    Burberry aims to woo more customers in China with Tencent tie-up

    Burberry said it will open a so-called "social retail" store in Shenzhen in China's technology hub powered by Tencent technology in the first half of next year that will blend retail and social media to create digital and physical spaces aimed at attracting customers. Few other details were given.

  • Burberry Needs a Revolution
    Bloomberg

    Burberry Needs a Revolution

    (Bloomberg Opinion) -- Burberry Group Plc’s last catwalk show in September, where models strutted in front of giant space-age speakers, was called Evolution.That’s just what the group delivered on Thursday. Sales held up despite the ongoing disruption in Hong Kong. And Burberry maintained its guidance for the current financial year for broadly stable sales and operating margin.That’s a relief for shareholders who had feared the turmoil would derail Burberry’s nascent turnaround under new designer Riccardo Tisci. The shares rose as much as 9%.That reaction looks overdone.Hong Kong is having an impact on Burberry. First-half sales there declined by a percentage in the double digits. The group estimated that the region now accounts for about 5% of total sales, compared with 8% previously.There will also be an impact on the gross margin — the difference between the price that retailers buy and sell their stock. The group had expected this to decline by 1 percentage point as it invested in product quality and cleared items that were designed before Tisci’s arrival. The turmoil in Hong Kong, which has hit tourist spending and forced Burberry to temporarily close stores, will mean that gross margins decline by 1.5 percentage points.However, this should be offset by factors including cost savings, with the company forecasting efficiencies of 120 million pounds ($154 million) by the end of this financial year.Burberry says it’s factoring an ongoing decline in Hong Kong into its expectations. But the violence there appears to be escalating. That doesn’t bode well for the coming months, and particularly the run up to the crucial Chinese New Year period. And let’s not forget the risks to Chinese demand from simmering trade tensions and worries about a U.S. recession next year. Tisci’s designs do appear to be gaining traction. Same store sales rose by 4% in the first quarter, but this accelerated to 5% in the three months to Sept. 28, commendable given the situation in Hong Kong. The company’s hoping to generate more demand for its fashions in China by teaming up with internet giant Tencent Holdings Ltd. to experiment with creating new stores that connect consumers online lives to their physical retail experience.As well as finding favor with young Chinese shoppers, Burberry says its new styles, particularly menswear, are appealing to domestic U.K. customers. That’s crucial in developing a broad-based recovery.But sales of accessories fell 5% excluding currency movements in the first half. Burberry blamed that on a lack of demand for the old styles, with a vast improvement in the appetite for Tisci’s designs.Yet bags is a key area where Burberry must win, and it’s seems increasingly clear that reviving this category will take time.What’s more, as I have noted, while Tisci’s designs are adorning celebrities, there doesn’t seem to be the buzz around Burberry as in the early stages of Gucci’s turnaround. The Italian designer’s new products represent about 70% of the range in stores now. That will increase to 80% by the end of March,  which will provide a better read of his success.Before Thursday’s update, Burberry shares had sold off since July, although they recovered over the past month, as rival luxury groups posted resilient third-quarter sales.Still on a price-to-earnings basis, they trade at about 23 times, compared with about 24 times for the Bloomberg Intelligence luxury peer group.Until the group demonstrates that Tisci can deliver a revolution at the British luxury brand, that discount looks deserved.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Reuters - UK Focus

    LIVE MARKETS-German GDP: would a bad number been better?

    * German economy narrowly escapes recession Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. GERMAN GDP: WOULD A BAD NUMBER BEEN BETTER? Europe's No. 1 economy is stagnating and while its feeble 0.1% growth rate in Q3 was better than expected, avoiding Germany a technical recession, markets aren't taking any joy from that.

  • I’d buy the soaring Burberry share price and this FTSE 100 dividend stock today
    Fool.co.uk

    I’d buy the soaring Burberry share price and this FTSE 100 dividend stock today

    Harvey Jones would buy these two FTSE 100 (INDEXFTSE:UKX) stocks today, but for different reasons.

  • Reuters - UK Focus

    UPDATE 2-European shares hit by Daimler warning, weak economic data

    European shares closed lower on Thursday as a warning from German carmaker Daimler and weak economic data from major economies added to concerns about a global slowdown. Daimler dropped about 3%, the biggest decline on Germany's blue-chip index after the carmaker said tougher emissions rules would hit earnings in 2020 and 2021.

  • Reuters - UK Focus

    UPDATE 2-FTSE 100 underperforms global peers on 3i drop, sterling gains

    London's FTSE 100 underperformed its major global peers on Thursday, suffering its steepest intra-day drop so far this month as falls in private equity company 3i, stocks trading ex-dividend and a stronger pound hammered the exporter-heavy index. The main index fell 0.8% with 3i Group hitting a five-month low after striking a cautious tone about new investment opportunities and as heavyweight components Sainsbury , Shell and GSK traded without dividend entitlement. The mid-cap FTSE 250 was 0.3% lower, with transport operator FirstGroup dropping nearly 20% on its worst day since May 2018 after a bigger first-half loss due to a charge related to its Greyhound bus line business in the U.S..

  • Reuters - UK Focus

    European shares slip, Daimler drags on Germany

    European shares dipped lower in early trade on Thursday, as a drop in Daimler shares and lackluster economic data from Asia as well as Europe, checked any gains from a handful of positive corporate updates. Daimler slumped more than 3% after the German carmaker said tougher emissions rules will hit earnings in 2020 and 2021, forcing it to seek more than 1 billion euros in personnel cuts at Mercedes-Benz Cars by end of 2022. Earlier, data showed Germany's output grew 0.1% in the third quarter compared with the previous three months, defying investors expectation that Europe's economic powerhouse will slide into a recession.

  • Reuters - UK Focus

    UPDATE 2-Burberry's new designs prove a hit, make up for Hong Kong woes

    British luxury brand Burberry said on Thursday the popularity of collections by its new chief designer Riccardo Tisci helped the group make up for lost sales in Hong Kong in the first half and it was sticking with year-end targets. Chief Executive Marco Gobbetti is moving Burberry further upmarket in the luxury segment and Tisci came on board last year. Gobbetti said Burberry remained on track to deliver the first phase of his turnaround strategy despite the unrest in Hong Kong which has affected sales in the top luxury shopping destination.

  • Burberry's new designs prove a hit, make up for Hong Kong woes
    Reuters

    Burberry's new designs prove a hit, make up for Hong Kong woes

    Chief Executive Marco Gobbetti is moving Burberry further upmarket in the luxury segment and Tisci came on board last year. Gobbetti said Burberry remained on track to deliver the first phase of his turnaround strategy despite the unrest in Hong Kong which has affected sales in the top luxury shopping destination. Sales in Hong Kong fell by a "double digit" amount in its first half and the company expects trading in the former British territory to remain under pressure.

  • Investing.com

    Premarket London: Burberry Profit Edges Up; New CEO at BHP

    Investing.com -- Here is a rundown of regulatory news releases from the London Stock Exchange on Thursday, 14th November. Please refresh for updates.

  • New or Used, It’s Still Luxury
    Bloomberg

    New or Used, It’s Still Luxury

    (Bloomberg Opinion) -- It’s now easier than ever to get your hands on a used Louis Vuitton tote or Gucci belt bag for cheap. But the rise of the online resale market in luxury goods needn’t have executives of high-end fashion houses shaking in their Christian Louboutin boots.In fact, it’s a model that could actually help an industry that thrives on scarcity and exclusivity, especially if designers use this emerging channel to their advantage.One reason is that the growth of the luxury resale market, popularized by such sites as the RealReal Inc., Poshmark and Vestiaire Collective, is poised to outstrip that of the broader market. The Boston Consulting Group and Altagamma estimate that it will expand by an average of 12% per year through 2021, compared to about 3% for the primary luxury market.While prices on the resale market tend to be lower than retail, they’re not so much lower that they appeal to a totally different customer. Jamie Merriman, an analyst at Bernstein, found that the median price of a Louis Vuitton bag on The RealReal was $1,025. That’s a deal compared to the median $3,000 price her analysis found for new Louis Vuitton purses. But that still leaves the brand in a vastly different tier than, say, Coach or Michael Kors, whose new bags might cost $300 to $400.  (It’s near enough that it may tempt some shoppers to trade up — but that’s only a worry for accessible luxury brands.)In some cases, the prices fetched on the secondhand market might only add to a label’s mystique and cachet. Rare Hermés Birkin bags can sell on sites such as RealReal for higher prices than new ones do.Perhaps more important, though, is the way that secondhand sites can change the calculus of buying a new luxury piece in the first place. Say you’re considering a classic Balenciaga City bag for about $2,000. Is it worth the investment? A scroll around RealReal shows that you might be able to resell it for about $600. That could be exactly the kind of assurance a first-time millennial or Generation Z luxury buyer needs to take the plunge on a pricey accessory. None of this is to say that the luxury powerhouses shouldn’t get into the burgeoning resale market themselves. Some already are. At A.P.C., a French fashion house, customers can apply to trade in their worn jeans. If accepted, they can buy a new pair at half price. (The old jeans are then resold, but not before they have been washed, repaired and marked with the initials of the former owners.)Another option would be to acquire secondhand platforms, as Cie Financiere Richemont SA did with Watchfinder last year. But this could create challenges, particularly when it comes to authenticating other brands’ products. That’s why cooperation between luxury brands and resale sites looks like the more likely and logical approach.Burberry Group Plc, has begun a partnership with the RealReal in which U.S. customers who consign its goods can get a personal shopping session and tea at one of its boutiques. In Europe, Vestiaire Collective has a tie-up with French contemporary brands including Sandro and Maje, owned by SMCP SA, under which customers selling these retailers’ products are rewarded with a 10 euro voucher to spend on their new collections.Such relationships allow the brands themselves to engage with shoppers who are participating in the secondhand market. They also allow these companies to market themselves as champions of sustainability and recycling.Luxury adviser Mario Ortelli of Ortelli & Co. says cooperation between fashion houses and secondhand sites could run even deeper as the market develops. Brands could play a bigger role in authenticating their products for resellers, for example. Another idea: Fashion labels could use data from resale sites to inform their merchandising decisions.So there is good reason for the luxury giants to play nice with the resale sites right now — but they should be clear-eyed about the possibility that industry dynamics may eventually change. If these startups end up struggling to keep counterfeit products off their marketplaces, for instance, that would be a reason for the luxury brands to distance themselves.  For now, however, the big bling empires shouldn’t fear their handbags and dresses getting a second life.To contact the authors of this story: Sarah Halzack at shalzack@bloomberg.netAndrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Michael Newman at mnewman43@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Have Insiders Been Buying Burberry Group plc (LON:BRBY) Shares?
    Simply Wall St.

    Have Insiders Been Buying Burberry Group plc (LON:BRBY) Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

  • What is driving the Burberry share price (LON:BRBY)?
    Stockopedia

    What is driving the Burberry share price (LON:BRBY)?

    Stockopedia’s ‘High Flyers’ are the stock market superstars. These companies tend to be the ones that fund managers jostle and barter over. They are high quali8230;

  • Reuters - UK Focus

    UPDATE 2-FTSE 100 snaps four-day winning run amid Brexit worries

    UK stocks ended Friday on a sour note as Brexit jitters weighed on sentiment, although the exporter-heavy FTSE 100 marked its strongest weekly performance in nine months as the continuing political divide hurt sterling. The FTSE 100, which had hovered at a near one-month high in the last two sessions, closed with a 0.1% dip. The FTSE 250 lost 0.2%, led lower by a 9.4% fall in Synthomer after the polymer maker issued a profit warning.

  • Here's Why I Think Burberry Group (LON:BRBY) Might Deserve Your Attention Today
    Simply Wall St.

    Here's Why I Think Burberry Group (LON:BRBY) Might Deserve Your Attention Today

    It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

  • Forget Bitcoin. I’d buy these 2 FTSE 100 growth shares in an ISA today
    Fool.co.uk

    Forget Bitcoin. I’d buy these 2 FTSE 100 growth shares in an ISA today

    Peter Stephens thinks these two FTSE 100 (INDEXFTSE:UKX) shares could deliver higher returns than Bitcoin in the long run.

  • Reuters - UK Focus

    LIVE MARKETS-Brexit and trade: Easy tiger, no fat lady singing yet!

    * Optimism on Brexit and the trade war drive stocks higher * STOXX up 1.3%, Irish stocks jump 2.8% outperforming rest of Europe * Publicis sinks after results, drags WPP down * Hugo Boss shares slump 13%, pulling down Burberry Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: julien.ponthus.thomsonreuters.com@reuters.net BREXIT AND TRADE: EASY TIGER! THE FAT LADY AIN'T SINGING YET! (1120 GMT) Calls for caution and reality checks are coming left, right and centre from our contacts while stocks and the pound are high on optimism towards Brexit and the trade war.

  • Reuters - UK Focus

    UPDATE 1-Italy's Ferretti IPO postponed to Oct. 15 due to weak demand

    Italian yacht maker Ferretti said on Thursday it had postponed the deadline for its initial public offering (IPO) to Oct. 15, with the first day of trading now expected on Oct. 21. The company was hoping for strong demand from Asian investors to save the IPO. Ferretti is controlled by Chinese conglomerate Weichai Group with an 86% stake.

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