Burberry’s first-half profits

0

Tarlok Teji comments on Burberry’s first-half profits.

Burberry is reporting against a weak comparative figure in the prior year of £883m. We would therefore expect them to be up this year, even though the recovery may have only just started to show signs of ‘taking hold’. However, a 17% uplift at £1,031m on the prior year is a good result and demonstrates the strength of the brand and the quality of the management team continuing to do the right things at the right time. This time last year I said that analysts had overreacted by marking the shares down. This performance proves the point. Although Angela Ahrendts is moving on to Apple, she leaves behind a good legacy and we should expect performance to get better as the global economy recovers.

Share.

About Author

Tarlok Teji is a retail expert and regular commentator on the current state and future of the UK high street, ecommerce, mobile technologies and wider retail trends. He is called upon to discuss how high street names are faring in the changing face of retail and often appears on television and radio providing insight and future trend predictions.

Comments are closed.