Burberry Group plc (LSE:BRBY) said Q1 retail revenue rose year‑on‑year led by Americas, Greater China, e‑commerce and Gen‑Z demand despite weaker Europe, reiterated full‑year guidance, flagged sub‑80% AGM votes on pay plans and urged return of VAT‑free shopping to revive London sales.
Previous Week Recap
- Burberry Q1 Revenue Growth Driven By Americas, China: Burberry (BRBY) Q1 retail revenue rose year‑over‑year, driven by Americas and Greater China, e‑commerce and Gen‑Z demand; Europe declined. Management reiterated full‑year growth and margin guidance.
- Burberry AGM: Share Plan Backed Less Than 80%: At Burberry (BRBY) AGM, Remuneration Policy and Share Plan amendments got under 80% shareholder support. Board will engage shareholders and report within six months of the 2026 AGM.
- London Tourism Slump, Tax-Free Shopping Urged: Burberry (BRBY): London tourist sales down ~50% vs 2019 after VAT-free shopping ended; Paris tourist sales up ~30%. Company urged return of tax-free shopping to help London retail spend.
- Burberry Q1 FY2027 Trading Update Released: On 17 July 2026 Burberry Group plc (BRBY) released its FY2027 first-quarter trading update (RNS 7189M) reporting the company’s performance for the quarter.
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.