0818 GMT - Burberry's 2H results were slightly better than expected despite a volatile luxury reporting season marked by a quarterly revenue slowdown and a challenging macroeconomic background due to U.S. tariffs, Citi analyst Thomas Chauvet says. The British brand's strategic plan is robust and should unlock value in the medium term, with fiscal 2026 EBIT consensus of 134 million pounds expected to remain broadly unchanged despite the uncertain economic environment, Chauvet says. This reflects key brand initiatives and further rightsizing of the business, he says. "Whilst patience is needed, potential rewards now outweigh the risks," he says. Shares are up 7.9% at 892.40 pence. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
May 14, 2025 04:18 ET (08:18 GMT)
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