Burberry: stock up after annual results

(CercleFinance.com) - The Burberry share is up over 2% in London on Friday, after the luxury group published its annual results, which included djusted EPS that is down 4% to 78.
7 pence, albeit over 12 pence above analysts' average estimate.

The UK group saw its adjusted operating margin improve to 16.4%, compared with 16.1% in the previous year, while revenues fell by 3% to 2.63 billion pounds (-4% at constant exchange rates).

While it is currently not in a position at this stage to provide specific forecasts for FY 2020-21, Burberry warns that its Q1 results to end-June are expected to be severely impacted by store closures.


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