Burberry Group PLC

Burberry Group designs, makes, sources and sells luxury products under the Burberry brand. Co.'s products are for women, men and children and include apparel, accessories, and beauty. Co.'s products are sold globally through its directly operated store network and online at Burberry.com, as well as through franchisees and third-party retailers, both offline and online. In a few selected areas such as Eyewear and Beauty, Co. uses the product and distribution capability of licensing partners. Co. operates in three regions: Asia Pacific; Europe, Middle East, India and Africa; and Americas. As of Mar 31 2017, Co.'s store portfolio had 469 directly-operated stores and 48 franchise stores.
  • TickerBRBY
  • ISINGB0031743007
  • ExchangeLondon Stock Exchange
  • SectorPersonal Goods
  • CountryUnited Kingdom

Analysts

Ng Adrian

Burberry Group

Ng Adrian

Burberry Group

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/09/2018

...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/11/2018

...

Léopold Authié

Burberry : Solid results underpinned by wholesale and licences. Retail a little disappointing. Guidance broadly unchanged

>Sales 2% ahead of the consensus for H1 2019. Operating profit 5% higher, solid wholesale and licences, disappointing retail - Solid sales for wholesale and licences, retail slightly disappointing: Burberry reported group sales of £ 1,220m in H1 2018-19, 2% higher than our and the consensus forecasts. Retail sales were up 2% l-f-l in Q2 (vs our and consensus estimate of 3% l-f-l over the period). The expansion of selling space had dented retail sales by 1% in H1. The ...

Léopold Authié

Burberry : Solid results underpinned by wholesale and licences. Retail a little disappointing. Guidance broadly unchanged

>Sales 2% ahead of the consensus for H1 2019. Operating profit 5% higher, solid wholesale and licences, disappointing retail - Solid sales for wholesale and licences, retail slightly disappointing: Burberry reported group sales of £ 1,220m in H1 2018-19, 2% higher than our and the consensus forecasts. Retail sales were up 2% l-f-l in Q2 (vs our and consensus estimate of 3% l-f-l over the period). The expansion of selling space had dented retail sales by 1% in H1. The ...

Léopold Authié

Burberry : Résultats solides, soutenus par le Wholesale et les Licences. Retail un peu décevant. Guidance globalement inchangée

>Ventes 2% au-dessus du consensus sur le S1 2019. ROP 5% au-dessus, Wholesale et Licences solides, Retail décevant - Des ventes solides sur le Wholesale et les Licenses, Retail légèrement décevant : Burberry a publié des ventes groupe à 1 220 M£ sur le S1 2018/19, 2% au-dessus de nos attentes et de celles du consensus. Les ventes au détail ressortent en hausse de 2% lfl sur le T2 (contre Oddo BHF et le consensus à 3% lfl sur la période). L’expansion des surfaces de ve...

Jelena Sokolova

Morningstar | Burberry's Brand Relaunch Efforts Show Good Initial Response but Will Take Time to Affect Results

We are maintaining our fair value estimate for narrow-moat Burberry as the company reported results for the first half of fiscal 2019 largely in line with its guidance and our full-year estimates. We view the shares as fairly valued currently. Revenue declined 2% at constant currency (4% growth if the beauty transition from wholesale to license is included) versus the 1.5% decline we expect for the full year. Operating margin was flat versus our expectations for a slight decline for the full year. Lower-than-expected gross margin (adversely affected by currencies, higher fashion content, and ...

Jelena Sokolova

Burberry's Brand Relaunch Efforts Show Good Initial Response but Will Take Time to Affect Results

We are maintaining our fair value estimate for narrow-moat Burberry as the company reported results for the first half of fiscal 2019 largely in line with its guidance and our full-year estimates. We view the shares as fairly valued currently. Revenue declined 2% at constant currency (4% growth if the beauty transition from wholesale to license is included) versus the 1.5% decline we expect for the full year. Operating margin was flat versus our expectations for a slight decline for the full yea...

Jelena Sokolova

Morningstar | Concerns About Chinese Demand Bring Luxury Valuations Closer to Our FVEs; Richemont Attractive

While the luxury sector has been battered over the past few days, we're maintaining our fair value estimates for the firms in this space. We believe the sector valuations are now returning to more palatable levels, after being materially overvalued for most of 2018. While many valuations are still stretched, the sector sell-off has created a few opportunities for long-term investors. We consider wide-moat Richemont a top pick in the space, trading in the 4-star territory at a 20% discount to our valuation. The main reason for the sell-off is the concern over the health of Chinese consumers. ...

1 director bought

A director at Burberry Group bought 8,543 shares at 2,102p and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of b...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/09/2018

...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/11/2018

...

Alex Koagne ...
  • Bruno Hareng
  • Harald Eggeling
  • Jean Sassus
  • Jerôme Bodin
  • Laurence Hofmann
  • Léopold Authié
  • Michael Foundoukidis
  • Nicolas Kieffer

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/12/2018

...

Alex Koagne ...
  • Bruno Hareng
  • Harald Eggeling
  • Jean Sassus
  • Jerôme Bodin
  • Laurence Hofmann
  • Léopold Authié
  • Michael Foundoukidis
  • Nicolas Kieffer

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/07/2018

...

Ng Adrian

Burberry Group

Ng Adrian

Burberry Group

Ng Adrian

Burberry Group

Ng Adrian

Burberry Group

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Ng Adrian

Burberry Group

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Expert Corporate Governance Service (ECGS)

proxy report 12/07/2018

Item 2: Approve the Remuneration Report The structure is weighted more towards rewarding long-term performance. However, incentive pay, even without the recruitment award, was excessive and with the recruitment award it was grossly excessive. Furthermore, the recruitment award is not subject to performance conditions. Adjusted profit before tax determines 100% of the STI and 40% of the LTI, making incentive pay overly reliant on a single performancemetric. Item 15: Re-appoint the auditors The auditor's tenure exceeds our tenure limit of 10 years. PricewaterhouseCoopers LLP (PwC) have served...

Expert Corporate Governance Service (ECGS)

Etude l' AG du 13/07/2017

Item 2: Approve the Remuneration Policy.  The Remuneration Report was only approved by 86.7% of shareholders in the previous year. The Company states that they engaged with shareholders, but no further details are provided.   The quantum contiues to be excessive, with excessive benefits, a high base salary, and excessive potential variable remuneration, though the new policy reduces the maximum potential LTIP award considerably.  Variable remuneration will continue to be heavily dependent upon adjusted profit before tax, which determines the full bonus and half of the LTI as well.    Items 5 -...

Matthieu DRIOL

Short term view - BURBERRY GROUP PLC : The trend is bearish.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at 1,588.24 p. The bearish trend would be challenged above 2,058.00 p.

Matthieu DRIOL

Analyse court terme - BURBERRY GROUP PLC : La tendance est baissière.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 1 588,24 p. La tendance baissière serait remise en cause au-dessus de 2 058,00 p.

Matthieu DRIOL

Analyse court terme - BURBERRY GROUP PLC : La tendance est baissière.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 1 588,24 p. La tendance baissière serait remise en cause au-dessus de 2 058,00 p.

Matthieu DRIOL

Short term view - BURBERRY GROUP PLC : The trend is bearish.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at 1,588.24 p. The bearish trend would be challenged above 2,058.00 p.

Matthieu DRIOL

Analyse moyen terme - BURBERRY GROUP PLC : Les cours baissent.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

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