Refined Retailers Riled on Rubbish Burberry Results (KORS) (EL) (WRC)
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Price: $58.48 +0.60%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.3%
Revenue Growth %: +7.2%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.3%
Revenue Growth %: +7.2%
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Other retailers moving following the Burberry miss on first-quarter 2013 numbers, as reported earlier, include: Coach (NYSE: COH), The Estée Lauder Companies Inc. (NYSE: EL), The Jones Group Inc. (NYSE: JNY), Luxottica Group (NYSE: LUX), PVH Corp. (NYSE: PVH), Ralph Lauren (NYSE: RL), Tiffany & Co. (NYSE: TIF), V.F. Corp (NYSE: VFC), and The Warnaco Group, Inc (NYSE: WRC), and Michael Kors (NYSE: KORS).
Burberry reported an 11 percent increase in sales during the quarter, to £408 million. The growth slowed from 15 percent the prior quarter and expectations for a 13 percent gain. Traders might be expecting a little more fallout with one of the world's leading luxury retailers becoming sluggish.
Of note, China and Germany were two of the most active markets for Burberry's Retail segment.
For more on the Burberry numbers, click here.
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Burberry reported an 11 percent increase in sales during the quarter, to £408 million. The growth slowed from 15 percent the prior quarter and expectations for a 13 percent gain. Traders might be expecting a little more fallout with one of the world's leading luxury retailers becoming sluggish.
Of note, China and Germany were two of the most active markets for Burberry's Retail segment.
For more on the Burberry numbers, click here.
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