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Burberry posts 4.9% profit drop on 4% rise in sales for the year

Article Abstract:

Burberry Group PLC of the United Kingdom posted a 2005 net profit decline of 4.9 percent to 106.4 million Pounds ($199.3 million) from 111.9 million Pounds. Sales for the luxury goods and clothing retailer were up by four percent to 742.9 million Pounds for 2005. Revenues were due to an overhaul of its information management and logistics systems although sales were up, particularly in the United States.

Luxuries

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Burberry may miss profit forecast: Europe's luxury lines feel economic pinch; shares decline 16%

Article Abstract:

Fourth-quarter results for UK fashion firm Burberry Group PLC prompted a 16% drop in shares to $7.94, as it appears Burberry will not meet expectations for full-year earnings despite an increase of 23% in total sales revenue.

Forecasts, trends, outlooks, Securities issued, listed, Securities, Company securities, Company business forecast/projection, Company forecasts, Financial report

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Burberry revenue rose 6% in second half of its year

Article Abstract:

Burberry Group PLC of the United Kingdom posted revenue increases of six percent to 390 million Pounds ($682.1 million) in the second half of 2006. The luxury clothing company is considering increasing retail space.

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