Burberry: 16% FY EPS up 16%
(CercleFinance.com) - Burberry has reported 2022-23 adjusted EPS that is up 16% at constant exchange rates to 122.
5 pence, as well as adjusted operating profit up 8% to £634m, representing a 0.6-point improvement in its OM to 20.5%.
At £3.09bn, the luxury house's revenue rose 5% (again at CER), with strong performance in the core categories of outerwear and leather goods, it said.
Burberry intends to propose a 30% increase in its dividend to 61 pence per share, and plans share buybacks of £400m in 2023-24, in line with its capital allocation policy.
The British luxury goods group adds that it is maintaining its targets for the current financial year and the medium term, while taking into account a macroeconomic and geopolitical environment that it recognises as uncertain.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
5 pence, as well as adjusted operating profit up 8% to £634m, representing a 0.6-point improvement in its OM to 20.5%.
At £3.09bn, the luxury house's revenue rose 5% (again at CER), with strong performance in the core categories of outerwear and leather goods, it said.
Burberry intends to propose a 30% increase in its dividend to 61 pence per share, and plans share buybacks of £400m in 2023-24, in line with its capital allocation policy.
The British luxury goods group adds that it is maintaining its targets for the current financial year and the medium term, while taking into account a macroeconomic and geopolitical environment that it recognises as uncertain.
Copyright (c) 2023 CercleFinance.com. All rights reserved.