Burberry Warns of Profit Hit Amid Slowdown in Luxury Demand
Burberry Group warned that the global slowdown in luxury demand is hurting its performance and that it is unlikely to achieve its guidance if the trend continues, despite beating market expectations for the first half of its fiscal year.The British luxury-goods company said Thursday that if weakness in demand persists, it is unlikely to achieve previous guidance of low double-digit revenue growth in fiscal 2024.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
