Burberry Group reports FY20 revenue of £2,633 mn

Fashion
Burberry Group reports FY20 revenue of £2,633 mn
25 May `20
2 min read
Burberry Group plc, a British luxury fashion house, posted 3 per cent revenue decline to £2,633 million for fiscal year 2020 ended on March 28, 2020 compared to revenue of £2,720 million in previous year. Gross profit for the year fell 5 per cent to £1,774 million (FY19: £1,861 million). Operating profit were £189 million (£437 million).
 
Burberry Group plc, a British luxury fashion house, posted 3 per cent revenue decline to £2,633 million for fiscal year 2020 ended on March 28, 2020 compared to revenue of £2,720 million in previous year. Gross profit for the year fell 5 per cent to £1,774 million (FY19: £1,861 million). Operating profit were £189 million (£437 million). #
“Prior to Covid-19, we were delivering strong momentum across our brand and product, with sales ahead of our expectations. Since then, the global health emergency has had a profound impact on the world, our industry and Burberry but I am very proud of the way we have responded,” Marco Gobbetti, chief executive officer of Burberry Group, said in a press release.
 
Burberry Group plc, a British luxury fashion house, posted 3 per cent revenue decline to £2,633 million for fiscal year 2020 ended on March 28, 2020 compared to revenue of £2,720 million in previous year. Gross profit for the year fell 5 per cent to £1,774 million (FY19: £1,861 million). Operating profit were £189 million (£437 million). #
Net loss in FY20 were £20.2 million compared to net income of £3.4 million in previous fiscal. Profit for the year were £121.6 million (£339.1 million). 
 
Burberry Group plc, a British luxury fashion house, posted 3 per cent revenue decline to £2,633 million for fiscal year 2020 ended on March 28, 2020 compared to revenue of £2,720 million in previous year. Gross profit for the year fell 5 per cent to £1,774 million (FY19: £1,861 million). Operating profit were £189 million (£437 million). #
Company reported that during the year, increased proportion of new product in its stores underpinned an improvement in comparable retail store sales growth to 4 per cent for the first three quarters of the year, despite headwinds from the considerable disruptions in Hong Kong SAR from August 2019. 
 
Burberry Group plc, a British luxury fashion house, posted 3 per cent revenue decline to £2,633 million for fiscal year 2020 ended on March 28, 2020 compared to revenue of £2,720 million in previous year. Gross profit for the year fell 5 per cent to £1,774 million (FY19: £1,861 million). Operating profit were £189 million (£437 million). #
Retail revenue for the year were down 3 per cent to £2,110 million (£2,186 million). Wholesale revenue fell 2 per cent to £476 million (£488 million). 
 
Burberry Group plc, a British luxury fashion house, posted 3 per cent revenue decline to £2,633 million for fiscal year 2020 ended on March 28, 2020 compared to revenue of £2,720 million in previous year. Gross profit for the year fell 5 per cent to £1,774 million (FY19: £1,861 million). Operating profit were £189 million (£437 million). #
Revenue in Asia Pacific region fell 6 per cent to £1,041 million (£1,104 million). EMEIA (Europe, the Middle East, India, and Africa) revenue were unchanged to £960 million (£958 million). Revenue in Americas decreased 4 per cent to £585 million (£612 million).
 
Burberry Group plc, a British luxury fashion house, posted 3 per cent revenue decline to £2,633 million for fiscal year 2020 ended on March 28, 2020 compared to revenue of £2,720 million in previous year. Gross profit for the year fell 5 per cent to £1,774 million (FY19: £1,861 million). Operating profit were £189 million (£437 million). #
Revenue of Accessories dropped 6 per cent to £948 million (£1,013 million). Women’s segment were down 5 per cent to £796 million (£837 million). Men’s segment grew 2 per cent to £715 million (£698 million). 
 
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