Analyst Views | Did Burberry perform better than expected in the third quarter?

 
Kasmira Jefford
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BETHANY HOCKING INVESTEC

The all-important third quarter retail like-for-like of six per cent is better than our forecast for 0.5 per cent and consensus for around 0.7 per cent... The company remains cautious and points to volatile trading and weak footfall, but nevertheless Burberry had a better Christmas than expected.

SAM HART CHARLES STANLEY

Burberry’s trading update was slightly better than expected...We believe visibility on the outlook for global economic growth has improved in recent months...Under such conditions, our expectation is for Burberry to deliver further healthy growth in earnings and dividends over the medium term.

RICHARD HUNTER HARGREAVES LANSDOWNE

The update has comfortably beaten estimates, and various updates from since September’s shock have done much to reassure investors. In particular, strong retail growth was achieved through lines such as men’s tailoring and accessories, with the approach to Christmas being very successful.