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Burberry was the latest fashion brand to warn of a global slump in luxury demand on Thursday as it sounded the alarm on profit expectations for the year. Burberry on Friday warned that its full-year operating profit would be lower than previously forecast, blaming disappointing retail sales over the holiday period, amid a wider . LONDON (Reuters) - Britain's Burberry blamed a worsening slowdown in demand for luxury goods for its second downgrade since November, and warned of a tough challenge .
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Burberry is the latest company to be impacted by the global downturn in luxury spending, warning it may not be able to meet its original forecast of low double-digit revenue . Britain's Burberry blamed a worsening slowdown in demand for luxury goods for its second downgrade in three months, and warned of a tough challenge ahead as it launches a . It wasn’t all downbeat. Burberry beat Jefferies’ expectations on revenue and adjusted operating profit. The bank had forecast 2.95 billion pounds, and 407 million pounds, . Burberry’s macro woes dented growth in the second quarter ended Sept. 30, prompting the company to warn that it might not meet its revenue growth target for the 2024 .
LONDON — Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low end of forecasts .
LONDON, Jan 12 (Reuters) - Britain's Burberry (BRBY.L) blamed a worsening slowdown in demand for luxury goods for its second downgrade since November, and warned of a tough . Burberry shares fell 10% at the open on Thursday after saying its business was being hit by a global slowdown in luxury spending and cautioning it might not meet its annual . Burberry was the latest fashion brand to warn of a global slump in luxury demand on Thursday as it sounded the alarm on profit expectations for the year.
Burberry on Friday warned that its full-year operating profit would be lower than previously forecast, blaming disappointing retail sales over the holiday period, amid a wider slowdown in luxury demand. LONDON (Reuters) - Britain's Burberry blamed a worsening slowdown in demand for luxury goods for its second downgrade since November, and warned of a tough challenge ahead as it shifts creative. Burberry is the latest company to be impacted by the global downturn in luxury spending, warning it may not be able to meet its original forecast of low double-digit revenue growth for the 2024 fiscal year. Britain's Burberry blamed a worsening slowdown in demand for luxury goods for its second downgrade in three months, and warned of a tough challenge ahead as it launches a strategy to move.
It wasn’t all downbeat. Burberry beat Jefferies’ expectations on revenue and adjusted operating profit. The bank had forecast 2.95 billion pounds, and 407 million pounds, respectively. RBC.
Burberry’s macro woes dented growth in the second quarter ended Sept. 30, prompting the company to warn that it might not meet its revenue growth target for the 2024 fiscal year, which ends in. LONDON — Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low end of forecasts amid a global slowdown in.LONDON, Jan 12 (Reuters) - Britain's Burberry (BRBY.L) blamed a worsening slowdown in demand for luxury goods for its second downgrade since November, and warned of a tough challenge ahead as it.
Burberry shares fell 10% at the open on Thursday after saying its business was being hit by a global slowdown in luxury spending and cautioning it might not meet its annual revenue forecast of.
Burberry was the latest fashion brand to warn of a global slump in luxury demand on Thursday as it sounded the alarm on profit expectations for the year. Burberry on Friday warned that its full-year operating profit would be lower than previously forecast, blaming disappointing retail sales over the holiday period, amid a wider slowdown in luxury demand.
LONDON (Reuters) - Britain's Burberry blamed a worsening slowdown in demand for luxury goods for its second downgrade since November, and warned of a tough challenge ahead as it shifts creative. Burberry is the latest company to be impacted by the global downturn in luxury spending, warning it may not be able to meet its original forecast of low double-digit revenue growth for the 2024 fiscal year. Britain's Burberry blamed a worsening slowdown in demand for luxury goods for its second downgrade in three months, and warned of a tough challenge ahead as it launches a strategy to move. It wasn’t all downbeat. Burberry beat Jefferies’ expectations on revenue and adjusted operating profit. The bank had forecast 2.95 billion pounds, and 407 million pounds, respectively. RBC.
Burberry’s macro woes dented growth in the second quarter ended Sept. 30, prompting the company to warn that it might not meet its revenue growth target for the 2024 fiscal year, which ends in. LONDON — Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low end of forecasts amid a global slowdown in.LONDON, Jan 12 (Reuters) - Britain's Burberry (BRBY.L) blamed a worsening slowdown in demand for luxury goods for its second downgrade since November, and warned of a tough challenge ahead as it.
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burberry forcasting problem|what happened to Burberry
