Investing.com - Burberry Group (LON:BRBY) reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Burberry Group announced earnings per share of £-0.07 on revenue of £1.35B. Analysts polled by Investing.com anticipated EPS of £0.46 on revenue of £1,537M. That with comparison to EPS of £0.5 on revenue of £1.50B in the same period a year before.
Burberry Group shares are down 35% from the beginning of the year and are trading at £1,420.0 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 18.3% year to date.
Burberry Group follows other major Services sector earnings this month
Burberry Group's report follows an earnings missed by Compass on Tuesday, who reported EPS of £0.36 on revenue of £12.48B, compared to forecasts EPS of £44.55 on revenue of £12,977M.
J Sainsbury had missed expectations on Thursday, April 30, 2020 with fourth quarter EPS of £0.07 on revenue of £13.90B, compared to forecast for EPS of £17.93 on revenue of £13,841M.
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