Burberry: H2 13 results ahead of expectations

BUY, Fair Value  1600p (+9%)

News published on May Tuesday 21, 2013
Share on

Burberry published FY13 results that were 3% ahead of consensus ests. FY14 sales guidance was confirmed, and management also guided for a slight improvement in the FY14 retail/wholesale margin, as expected (although the base in FY13 excludes the 70bp impact from lower bonus payments). An analysts’ meeting is scheduled at 9.30am GMT.

Full report available to subscribers
Please contact marketing@bryangarnier.fr 

The Essentials

Everything you need to know about investment banking dedicated to growth
Recent Transactions Highlights
From M&A, to IPOs see what’s been happening at Bryan, Garnier & Co this year
Join our Team
Bryan, Garnier & Co is always looking for talent in all our divisions, at all levels
Explore our opportunities