Britain’s Burberry Group Plc, one of the world’s leading luxury goods makers, posted a 5 per cent drop in revenue in the first half of fiscal 2026, according to reports.
Revenue for the 26 weeks ended 27 September fell to 1.032 billion pounds ($1.36 billion) from 1.086 billion pounds in the comparable period last year.
Adjusted operating profit was 19 million pounds compared with a loss of 41 million a year earlier.
Comparable sales were broadly flat. At the same time, they decreased by 1% in China and by 4% in the Asia-Pacific region (excluding the PRC). In the Americas, the figure increased by 4% and in the EMEIA region (Europe, Middle East, India and Africa) by 1%.
Burberry’s comparable sales increased by 2% in the second fiscal quarter.
Analysts had expected comparable sales to rise by an average of 1%, according to the company’s own consensus forecast. They estimated operating profit at 12 million pounds.
Burberry share prices rose by 4% during trading on Friday. The capitalisation of the company over the past three months rose by 13% (to 4.5 billion pounds), while the stock index FTSE 100 added about 8%.
Burberry, founded in 1856, produces clothing, accessories and perfumes. The company’s products are recognisable by its trademark “cage”, which uses red, black, white and sand colours.