Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Burberry Group    BRBY   GB0031743007

News SummaryMost relevantAll newsSector newsTweets

Burberry To Invest In Larger Stores As Profit Surges

share with twitter share with LinkedIn share with facebook
share via e-mail
05/23/2012 | 08:45am CEST

Burberry Group PLC (>> Burberry Group plc) said Wednesday it will invest in opening larger-format stores across its markets to drive further growth, as the luxury clothing and handbag retailer reported a big jump in full-year profit, again boosted by surging demand in Asia.

"We have completed another successful year," said Chief Executive Angela Ahrendts. "While we remain vigilant about the external environment, we will continue... to drive sustained, profitable growth and enduring customer engagement over the long term."

Burberry said it plans a 12% to 14% increase in retail selling space in fiscal 2013, with a focus on larger stores. It added that capital expenditure will be GBP180 million to GBP200 million in the coming year.

The company, famed for its trench coats and plaid-patterned accessories, posted net profit of GBP263.3 million for the year to March 31, compared with GBP208.4 million a year earlier, on revenue 24% higher at GBP1.86 billion at constant exchange rates.

Adjusted pretax profit--the measure of performance watched by analysts--stood at GBP376 million, up from GBP297.9 million, and in line with analyst expectations of about GBP375 million. Burberry raised its dividend 25% to 25 pence.

Burberry has been at the forefront of the worldwide surge in demand for luxury goods in recent years, bolstered by massive sales increases in China, even as many mid-market retailers have struggled for survival amid torrid economic conditions and low consumer confidence.

Luxury retailers have appeared immune to the worldwide economic downturn and Burberry's shares have soared from a low of 154.75 pence in November 2008 to close Tuesday at 1,386 pence, mirroring the fortunes of peers including Prada SpA (1913.HK) and LVMH Moet Hennessy Louis Vuitton (>> LVMH).

-By Peter Evans, Dow Jones Newswires; 44-20-7842-9308; peter.evans@dowjones.com

Stocks mentioned in the article : Burberry Group plc, Burberry Group plc, LVMH
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on BURBERRY GROUP
07/20 BURBERRY : Share Repurchase Programme
07/19 PHILIP GREEN : Philip Green poaches Burberry man to be TopShop CEO
07/13 BURBERRY : Nearly a third of Burberry investors object to top executives' pay
07/12 FTSE has best day since April on Burberry gains, dovish Yellen; Carillion col..
07/10 BURBERRY : investor Royal London to vote against pay report
07/07BURBERRY GROUP PLC : quaterly sales release
07/06 BURBERRY GROUP PLC : ex-dividend day for final dividend
06/14 BURBERRY : Share Repurchase Programme
06/06 BURBERRY : Annual Financial Report
05/30DJChina Messaging App Lures Luxury Brands -- WSJ
More news
News from SeekingAlpha
07/21 BURBERRY : Still Undervalued As It Builds Up To A Potentially Improved 2018?
07/18 Why Burberry Deserves A Spot In A Dividend Growth Portfolio
07/16 THE NEST EGG PORTFOLIO : Adding 2 Robust Iberian Energy Distributors
07/12 Burberry Group (BURBY) Q1 2017 Results - Earnings Call Transcript
07/12 Burberry Group Plc ADR reports Q1 results
Financials ( GBP)
Sales 2018 2 788 M
EBIT 2018 456 M
Net income 2018 325 M
Finance 2018 812 M
Yield 2018 2,46%
P/E ratio 2018 22,46
P/E ratio 2019 18,27
EV / Sales 2018 2,27x
EV / Sales 2019 2,16x
Capitalization 7 151 M
Duration : Period :
Burberry Group Technical Analysis Chart | BRBY | GB0031743007 | 4-Traders
Technical analysis trends BURBERRY GROUP
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 29
Average target price 17,1  GBP
Spread / Average Target 3,8%
EPS Revisions
Marco Gobbetti Chief Executive Officer & Director
Christopher Bailey President, Director & Chief Creative Officer
John Wilfred Peace Chairman
Julie Brown Director, Chief Operating & Financial Officer
Fumbi Chima Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
INDITEX SA3.68%122 183
ROSS STORES-17.21%21 136
L BRANDS INC-31.74%12 891
ZALANDO3.61%10 845