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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Q3 2023 Burberry Group PLC Trading Statement Call Transcript

Jan 18, 2023 / 09:00AM GMT
Release Date Price: £23.17 (+3.30%)
Julie Brown
Burberry Group plc - CFO, COO & Director

Good morning and thank you for joining Burberry's Q3 Trading Update Call. 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.

In November, we outlined our plan to accelerate growth and realize our ambition as the modern British luxury brand. This quarter, we continue to make progress against these strategic objectives.

Comparable store sales grew 1%, impacted by COVID-19-related disruption in Mainland China, which fell 23%. We remain encouraged by our global performance. With comparable store sales growing 11% outside of Mainland China, with EMEIA, South Korea, Japan and SAP, all achieving double-digit growth. Throughout the period, we continue to amplify our brand with the Outerwear, Festive and Lunar New Year campaigns at the end of the period.

Leather was the standout category with continued

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