Flash ReportBurberry (LSE: BRBY) 1H16 Results: In-Line Results Driven by Digital Channel Growth and Product Innovation Coresight Research April 14, 2016 Executive Summary Burberry reported 1H16 revenue of £1.4 billion, down 1% from 1H15 but in line with the consensus estimate. In the retail segment,comparable sales for the period were down2%,but up 1% excluding Hong Kong and Macau. For FY17, the company plans to open 15 mainline stores in its retail segment, which are expected to contribute low–‐single–‐digit growth to total retail revenue. Burberry Expects a 10% decline in the wholesale Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Financial Sentiment Improves; Plus, Online Shopping in Focus: US Consumer Survey InsightsEarnings Insights 4Q24, Week 1: Levi Strauss, P&G, Walgreens and Others Post Sales Growth, While Burberry and Kimberly-Clark Report DeclinesFive Ways AI Is Being Used in Grocery and Mass Retailing—and What’s NextInnovator Profile: Sotira—Managing Reverse Logistics and Offloading Surplus Inventory with AI
