Shares of Burberry jumped nearly 13% on Friday after the company reported a shallower-than-expected dip in sales in the fiscal third quarter, providing a first glimpse of CEO Joshua Schulman’s efforts to revamp the beleaguered British fashion house.

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Burberry gets holiday boost thanks to American shoppers

Burberry reported a smaller than expected 4% drop in quarterly comparable store sales on Friday, helped by stronger holiday season demand in the United States, an encouraging step in the British luxury brand turnaround efforts.

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BURBERRY’S return to its outerwear roots has comforted investors who had cold-shouldered the brand.New boss Joshua Schulman is focusing a turnaround

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Burberry's return to outerwear comforts investors who turned on the brand

Shoppers walk into a Burberry store at Fashion Valley, an upscale shopping mall on December 13, 2024 in San Diego, California. Kevin Carter | Getty Images News | Getty Images Shares of Burberry jumped as much as 16% on Friday after the company reported a shallower-than-expected dip in sales in the fiscal third quarter, providing […]

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Burberry shares jump 13% after better-than-expected quarterly sales - Business Fast

UK luxury brand Burberry has reported a smaller than expected 4% drop in quarterly comparable store sales, helped by stronger Christmas season demand in the US, an encouraging step in the company's turnaround.

RTÉ

Government of Ireland

Ireland

Burberry's quarterly sales drop less than feared

Burberry Group (OTC: BURBY) reported a 7% drop in retail revenue for Q3 2024, totaling 659 million Euros. The Americas saw a 4% growth, while Asia Pacific struggled with significant declines

Benzinga

New York

Robust US Sales Provide Hope For Burberry Despite A Drop In Q3 Sales - Burberry Group (OTC:BURBY)

Since the beginning of 2024, the global market has slowed down after four years of growth. Manufacturers are cutting their budgets in China, the US and Italy while keeping the resources needed to boost business.

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France

Luxury goods industry cuts costs to boost sales

Investors breathed a sigh of relief this morning after Burberry’s first set of results after implementing its turnaround plan showed it was heading in the right direction. Burberry’s share price rose more than 13 per cent in early trades. In the past six months the share price has risen more than 71 per cent – a welcome turn after a steady collapse in its value in 2023 and early 2024. Investors shunned the stock after sales and profit plummeted …

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London

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England

Burberry's share price soars out trenches but investors won't upgrade yet

Lower than expected fall comes as UK luxury brand attempts a turnaround

Financial Times

Nikkei Inc.

US shoppers help Burberry to smaller drop in sales than feared

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Burberry Gets Holiday Boost Thanks to American Shoppers

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

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Burberry shares jump 13% as quarterly sales dip less than expected

Burberry shares jump 13% as quarterly sales dip less than expected

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