Burberry Group PLC

Latest Results (16.05.2026):

Burberry Group PLC — Q3 FY26 (quarter ended 27 December 2025): The group reported a sequential improvement in trading under its Burberry Forward strategy. Comparable store sales rose 3% (versus a 4% decline in the prior-year period), retail revenue was £665m (up 1% reported, up 3% at constant exchange rates), space was neutral and the business cited continued strength in outerwear extending into accessories and ready-to-wear. The company expects adjusted operating profit for FY26 to be in line with consensus.

Sales & revenue

Retail revenue: £665m for Q3 FY26, +1% at reported FX and +3% at constant exchange rates.

Comparable store sales

Group comparable store sales grew 3% in Q3 FY26 versus a 4% decline in the prior-year quarter; all regions were flat or positive for a second consecutive quarter.

Regional performance

Q3 FY26 comparable store sales by region: EMEIA 0%, Americas 2%, Greater China 6%, Asia Pacific 5%. (Company notes regions were realigned in FY26.)

Space contribution & channel mix

Contribution from space was neutral (0%) in the quarter; the company reports an improved quality of revenue across channels and geographies.

Currency impact

Currency was a 2% headwind to reported retail revenue, explaining the difference between +3% at CER and +1% at reported FX.

Profit guidance

Management expects adjusted operating profit for FY26 to be in line with consensus (as published on the corporate website on 9 January 2026).

Strategy & management commentary

CEO Joshua Schulman highlighted momentum from the Burberry Forward strategy, strong consumer response to Timeless British Luxury campaigns, and ongoing strength in core outerwear, which is now extending into accessories and ready-to-wear—supporting confidence in the path ahead.