Burberry Group Q3 Earnings Call Highlights

2 days ago 2

MarketBeat

Wed, January 21, 2026 astatine 4:04 AM CST 7 min read

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Burberry reported a sequential betterment successful Q3 with 3% comparable retail sales and retail gross of £665 million, driven by stronger full‑price income and a shorter, much discreet markdown play that supported borderline gains.
All regions were level oregon affirmative for a 2nd consecutive quarter, led by Greater China +6% and South Korea +13%, portion leader categories similar scarves and outerwear delivered double‑digit maturation and momentum broadened into handbags and ready‑to‑wear.
Management expects adjusted operating nett successful enactment with statement for FY2026, sees a important year‑on‑year borderline betterment contempt H2 gross borderline phasing, and is continuing to put successful selling and store initiatives (e.g., expanding to 200 scarf bars by year‑end).
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Burberry Group (LON:BRBY) reported a sequential betterment successful third-quarter trading, with CFO Kate Ferry telling investors the institution has “continued to spot affirmative signals crossed the business,” which she said supply further impervious points that the Burberry Forward strategy is working.

For the 3rd quarter, Burberry delivered 3% comparable retail income growth versus past year, improving from the 2nd quarter. Ferry said the institution besides executed a “higher prime of sales” arsenic it returned to a shorter, shallower, and much discreet markdown play than the anterior year.

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Comparable store income accrued 3% successful the quarter, portion the interaction from selling abstraction was flat, resulting successful 3% retail income maturation astatine changeless speech rates. Currency was a 2% headwind, with retail gross coming successful astatine £665 million, up 1% astatine reported speech rates.

Ferry said full-price income accelerated, offsetting reduced markdown enactment arsenic Burberry reverted to a backstage merchantability format successful stores and online. She added that the alteration successful markdown attack supported an wide borderline betterment “as anticipated.”

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By region, Ferry noted that each 4 geographic areas delivered level oregon affirmative comparable income for the 2nd consecutive quarter. She said store postulation remains “challenging,” but conversion and mean portion retail (AUR) improved, reflecting what she described arsenic a beardown user effect to refreshed ranges.

Asia Pacific: Up 5% (from level successful Q2), led by South Korea.
South Korea: Returned to maturation astatine 13%, supported by section customers and accrued tourer spend, “particularly from Chinese visitors.”
Japan: Up 2%, successful enactment with Q2, with reduced tourer enactment continuing to beryllium a headwind.
Greater China: Up 6% (from 3% successful Q2), fueled by section spend; Chinese customers extracurricular the portion slowed, but section request offset the decline.
EMEIA: Flat year-on-year, impacted by reduced tourer activity; the Middle East showed notable strength.
Americas: Up 2%, supported by section walk during the festive play and continued new-customer growth; Ferry said maturation was somewhat beneath Q2 owed to higher markdown penetration successful the year-ago quarter.