Burberry Group PLC (OTCPK:BBRYF)
$ 12.49 0.3899 (3.22%) Market Cap: 4.48 Bil Enterprise Value: 6.13 Bil PE Ratio: 97.58 PB Ratio: 3.93 GF Score: 63/100
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Q1 2023 Burberry Group PLC Trading Statement Call Transcript

Jul 15, 2022 / 08:00AM GMT
Release Date Price: $18.97 (-4.66%)
Julie Brown
Burberry Group plc - CFO, COO & Director

Good morning and thank you for joining Burberry's Q1 Trading Update Call. My name is Julie Brown, Chief Operating and Financial Officer of Burberry. And with me this morning is Julian Easthope, our Head of IR.

Slides are available to accompany this presentation on the IR section of our website, and a transcript will also be made available.

Turning to Slide 2. I will spend a few minutes running through our performance over the first quarter and the progress we have made against our strategy before taking your questions.

Comparable store sales grew by 1%, impacted by COVID-related lockdowns in Mainland China, which fell 35%. We remain encouraged by our global performance with comparable store sales growing 16% outside of Mainland China. We saw a strong performance in EMEIA with comp growth of 47% driven by local clientele. Throughout the period, we delivered a strong program of unique and immersive brand activities that generated excitement among our communities. This included the Lola campaign, the TB Summer Monogram and

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