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Burberry Returns to Profit in Fiscal 2026 as China, Americas Sales Grow

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Burberry Returns to Profit in Fiscal 2026 as China, Americas Sales Grow

Burberry Group's (BRBY.L) comparable store sales growth in Greater China and the Americas helped the British luxury retailer return to profit in fiscal 2026, with the management describing the year as "a meaningful inflection point."

Burberry on Thursday reported an attributable profit of 21 million pounds sterling for the 52 weeks ended March 28, compared with a loss of 75 million pounds a year earlier. Revenue dropped to 2.42 billion pounds from 2.46 billion pounds.

Comparable sales started growing in the second quarter and maintained the momentum through the rest of the fiscal year. In Greater China and the Americas, comparable sales rose 4% each, while Asia Pacific saw a 2% increase.

For the year ahead, the company said it remains "mindful of the uncertain geopolitical and macro-economic environment." Burberry expects wholesale revenue to grow by mid-single-digit percentage in the first half of fiscal 2027, while the impact of retail space on revenue is projected to remain broadly stable.

Burberry also named William Jackson, founder and former chief executive officer and chair of investment company Bridgepoint Group (BPT.L), as its new chair, succeeding Gerry Murphy, who plans to retire in November.

The stock was down more than 4% in early morning trade.

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