Burberry Group First Half 2024 Earnings: In Line With Expectations

Burberry Group (LON:BRBY) First Half 2024 Results

Key Financial Results

• Revenue: UK£1.40b (up 3.8% from 1H 2023).
• Net income: UK£158.0m (down 18% from 1H 2023).
• Profit margin: 11% (down from 14% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: UK£0.42 (down from UK£0.49 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Burberry Group Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Luxury industry in the United Kingdom.

Performance of the British Luxury industry.

The company's shares are down 6.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Burberry Group that you need to take into consideration.

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