Burberry Group plc (LON:BRBY) have issued an unscheduled trading update ahead of the 27th March 2021 financial year end. Since December, we have continued to see a strong rebound and now expect revenue and adjusted operating profit to be ahead of consensus expectations. Comparable store retail sales in Q4 FY2021 are expected to be in the range of +28% to +32% higher than the same period last year. For the full year, we expect group revenue to decline by -10% to ‑11% and the adjusted operating margin to be in the range of 15.5% to 16.5%.
Burberry Group Preliminary FY2021 Results will be released on 13th May 2021.
