Burberry Group PLC (LSE:BRBY)
£ 11.885 0.235 (2.02%) Market Cap: 4.26 Bil Enterprise Value: 5.15 Bil PE Ratio: 9.83 PB Ratio: 3.91 GF Score: 78/100

Q3 2021 Burberry Group PLC Trading Statement Call Transcript

Jan 20, 2021 / 09:00AM GMT
Release Date Price: £18.05 (+3.86%)
Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Burberry Third Quarter Trading Update 2021 Call. My name is Hailey, I will be the operator for your call this morning. (Operator Instructions)

I will now hand you over to Julie Brown, Chief Operating and Financial Officer. Please go ahead.

Julie Brown
Burberry Group plc - CFO, COO & Director

Good morning, and welcome to Burberry's third quarter conference call. I hope you're staying safe and well. With me this morning is Julian Easthope, our interim Head of IR, and slides are available to accompany this presentation on the IR section of our website. We will be happy to take your questions at the end.

As guided, we reduced our markdown this quarter, and this had a material impact on the total comp. I will, therefore, include full-price sales commentary to provide further insight into the performance of the business.

We highlighted 4 areas at the half year where we've made good strategic progress, and this has continued into Q3. Our full-price business strengthened

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