Investing.com - Burberry Group (LON:BRBY) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Burberry Group announced earnings per share of £0.12 on revenue of £877.7M. Analysts polled by Investing.com anticipated EPS of £34.00 on revenue of £1,258M.
Burberry Group shares are down 27% from the beginning of the year and are trading at £1,590.0 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 7.38% from the start of the year.
Burberry Group follows other major Services sector earnings this month
Burberry Group's report follows an earnings beat by Associated British Foods on Tuesday, November 3, 2020, who reported EPS of £0.3 on revenue of £3.95B, compared to forecasts EPS of £-13.15 on revenue of £3.95B.
Whitbread had missed expectations on Tuesday, October 27, 2020 with second quarter EPS of £-3.77 on revenue of £250.5M, compared to forecast for EPS of £127.84 on revenue of £1,079M.
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