trending Market Intelligence /marketintelligence/en/news-insights/trending/5jyIZrJ7Nykpi3x9YHMHsw2 content esgSubNav
In This List

Burberry profit misses consensus by 18.9% in fiscal H2

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Burberry profit misses consensus by 18.9% in fiscal H2

Burberry Group PLC said its normalized net income for the fiscal second half ended March 31 amounted to 41 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 51 pence per share.

EPS increased 9.0% year over year from 38 pence.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £184.2 million, a gain of 9.1% from £168.8 million in the year-earlier period.

Total revenue rose 9.6% on an annual basis to £1.42 billion from £1.30 billion, and total operating expenses rose 10.7% from the prior-year period to £1.13 billion from £1.02 billion.

Reported net income increased 10.3% year over year to £231.7 million, or 52 pence per share, from £210.0 million, or 47 pence per share.

For the year, the company's normalized net income totaled 60 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 76 pence.

EPS was 60 pence in the prior year.

Normalized net income was £270.8 million, compared with £269.0 million in the prior year.

Full-year total revenue increased 8.3% from the prior-year period to £2.52 billion from £2.33 billion, and total operating expenses increased 10.5% year over year to £2.08 billion from £1.88 billion.

The company said reported net income rose on an annual basis to £336.3 million, or 75 pence per share, in the full year, from £322.5 million, or 72 pence per share.