Burberry Reports Revenue Improvement: Turnaround Strategy Boosts Recovery

The British luxury brand Burberry reported that its quarterly revenue on a comparable basis decreased by 1% against expectations of a 3% decline, indicating early signs of recovery. Mixed signals in Q1 of fiscal year 2026 For the first quarter of fiscal year 2026, which ended on June 28, 2025, Burberry reported retail sales of £433 million, representing a decline of 6% at reported exchange rates. At constant exchange rates, the decline was less severe at 2%. A glimmer of hope was the decrease in comparable store sales, which fell by only 1%,...