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
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Q1 2022 Burberry Group PLC Trading Statement Call Transcript

Jul 16, 2021 / 08:00AM GMT
Release Date Price: £19.66 (-5.02%)
Julie Brown
Burberry Group plc - CFO, COO & Director

Good morning. My name is Julie Brown, Chief Operating and Financial Officer of Burberry. And with me this morning is Julian Easthope, our Head of IR. Slides are available to accompany this presentation on the IR section of our website, and a transcript will also be made available. We will be happy to take your questions at the end of the presentation. And please note, in this presentation, we're referring to comparative sales against 2 years ago as last, last year, LLY. I will mainly refer to LLY as it is more representative of the underlying trading performance.

Turning to Slide 2. In May, we outlined our plan to accelerate growth, building on the strong platform we have built over the past 3 years. Despite a continuing challenging macro environment, in Q1, we have made excellent progress. We drove a significant acceleration in full-price sales as our collections continued to attract new, younger clientele to the brand. We generated strong growth across core categories, with full-price sales of leather up double digits versus last, last

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