BURBERRY BOUNCES BACK INTO BLACK WITH PRE-TAX PROFITS FORECAST TO BE £88M

Burberry is expected to reveal a return to profit in its full year results on Thursday.

Pre-tax profits for the year to March are forecast to be £88 million, according to data site Refinitiv, as other luxury goods firms face a gloomy economic backdrop.

While the Middle East war has dealt a blow to rivals such as LVMH for Burberry the region is just 3 per cent of its sales. A return to profit will also vindicate its drive to restore its reputation for 'timeless British luxury'.

Shares in the FTSE 100 firm are 70 per cent up on a year ago when it posted a pre-tax loss of £67 million. Its image was helped when Cher, Romeo Beckham and Rosie Huntington-Whiteley wore its outfits at New York's Met Gala last week.

But investors will want news on reaching its target of £100 million of cost savings by 2027. They will also want to be reassured on progress in China and the rest of Asia by boss Joshua Schulman.

2026-05-09T21:16:38Z