Burberry Group PLC (BRBY.L)
16 Aug 2019
Tue, Jul 16 2019
* Burberry near one-year high after upbeat first-quarter update
PARIS It has a hotshot new designer known for dressing Beyonce and is experimenting with monthly product launches on social media. | Video
LONDON/PARIS Strong demand for designer Riccardo Tisci's new fashion ranges helped revenue at British label Burberry grow faster than expected in the first quarter, sending its shares soaring as a high stakes overhaul showed early signs of promise. | Video
* Shares surge more than 13% (Adds shares, details on China performance, Burberry products, quotes)
LONDON/PARIS, July 16 British luxury brand Burberry on Tuesday reported a stronger than expected 4% rise in first-quarter comparable store sales, lifted by new designs from creative chief Riccardo Tisci.
PARIS, July 15 It has a hotshot new designer known for dressing Beyonce and is experimenting with monthly product launches on social media.
** JP Morgan expects Q1 LFL sales to rise 3% or "slightly better" than Q4 LFL growth of 1% as more of new designer Riccardo Tisci's products hit the stores, with "little help" from forex
LONDON Investors in Burberry have yet to see if new designer Riccardo Tisci's ranges are a hit with customers and will boost profits after the luxury brand said on Thursday its full-year results missed expectations.
* Full-year adj operating profit down 6%, missing market view
LONDON, May 16 British luxury brand Burberry reported broadly flat full-year revenue and profit on Thursday and said it expected similar this year as it sets the foundations for growth with more products by its new designer Riccardo Tisci in stores.