An Equestrian Knight logo devote to a flag outside the luxury boutique in Burberry Group PLC in London, in the United Kingdom, on Tuesday May 13, 2025.
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Burberry On Wednesday, a multitude of organizational changes announced in the midst of continuous recovery efforts in the besieged luxury house.
The company said that measures could lead to a “reduction in costs related to people who may have an impact on around 1,700 roles on a global scale” during the life of the program, which should finish in 2027.
Burberry sales fell a little less than expected in the fourth tax quarter, down 6% in three months to March. Analysts had anticipated a 7% drop in a compiled consensus estimate of the company.
For the financial year, sales fell 12% against a planned drop of 13%. The total turnover of the year was 2.461 million pounds Sterling ($ 3.273 million), slightly ahead of approximately 2.451 million pounds sterling.
Sales fell in all regions during the year and quarter, led by weakness in Asia-Pacific. Sales in the Americas – which had been a bright point of positive perfomance in the third quarter – took place at a loss of 4% in the three months to end the exercise.
Burberry had previously pointed out the United States as a positive point in sales in the third quarter. However, the fashion house said on Wednesday that “the current macroeconomic environment has become more uncertain in the light of geopolitical developments”.
“While we operate in a difficult macroeconomic backdrop and we are still in the early stages of our recovery, I am more optimistic than ever than the best days in Burberry are in advance and that we will offer lasting profit over time,” said Burberry CEO Joshua Schulman, in a press release.
The company has not provided specific advice on the estimated impact of American prices. He reported an “increase in geopolitical tension which leads to incremental tariff risks not attracted compared to the central planning scenario” as a risk of key decrease.
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