Burberry Sales, Profits Fall In Hard Times for Luxury [Yahoo! Finance]
SODEXO S/ADR (SDXAY)
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Source: Yahoo! Finance
revenue down 4 percent to 2.97 billion pounds, and adjusted operating profit falling 34 percent to 418 million pounds. At constant exchange revenue was flat, with adjusted operating profit down 25 percent. At 418 million pounds, operating profit was at the lower end of a previously downgraded range announced by Burberry earlier this year. More from WWD Are We Having Fun Yet? Selfridges Wants Circular Retail to Be Playful Roksanda Ilincic Sells Namesake Company to The Brand Group Ballet Flats and Horsebit Loafers but Not a Stiletto in Sight at Gucci Cruise 2025 Show The fourth quarter ended March 30 was brutal, with comparable store sales in Mainland China falling 19 percent. Sales from the overall Mainland Chinese consumer group were down 12 percent in the fourth quarter compared with last year. In the Americas region, comparable store sales fell 12 percent in the year and in the fourth quarter. Burberry said it is continuing to see a “relatively broad-based decline” acr
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