Burberry marks turnaround inflection point with strong growth. The British luxury maker posted 2% comparable sales growth for the fiscal year, with the Americas and China delivering robust 10% growth in the quarter ended March. Full-year revenue reached £2.4 billion, in line with expectations, while adjusted operating profit surged to £160 million from £26 million a year ago, driven largely by cost-saving initiatives. CEO Joshua Schulman stated the strategy is working and opportunities for further growth remain clear. However, shares fell 5% in early trading as the profitability beat came in below some bullish investor expectations. EMEA and India comparable sales declined 2% due to reduced tourism and Middle East conflict impacts. Despite geopolitical uncertainties, Burberry expects to make further progress on financial ambitions in 2027.
