Business
Preliminary Results
Preliminary Results.
About this update from Burberry Group Plc
[{"type":"text","content":"\n \nRNS Number : 1831Z Burberry Group PLC 16 May 2019 \n\n16 May 2019\nBurberry Group plc\nPreliminary results for the 52 weeks ended 30 March 2019\n \n \nStrong progress in first year of transformation\n \n\"We made excellent progress in the first year of our plan to transform Burberry, while at the same time delivering financial performance in line with expectations. Riccardo Tisci's first collections arrived in stores at the end of February and the initial reaction from customers is very encouraging. The implementation of our plan is on track, we are energised by the early results and we confirm our outlook for FY 2020.\"\nMarco Gobbetti, Chief Executive Officer\n \n\n\n\n\n£ million \n\n\n30 March\n\n\n31 March\n\n\n \n\n\n% change\n\n\n\n\nPeriod ended\n\n\n2019\n\n\n2018\n\n\n \n\n\nreported FX\n\n\nCER\n\n\n\n\nRevenue\n\n\n2,720\n\n\n2,733\n\n\n \n\n\n0\n\n\n(1)\n\n\n\n\nRevenue ex. Beauty wholesale*\n\n\n2,720\n\n\n2,660\n\n\n \n\n\n2\n\n\n2\n\n\n\n\n Retail comparable store sales*\n\n\n2%\n\n\n3%\n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nAdjusted operating profit*\n\n\n438\n\n\n467\n\n\n \n\n\n(6)\n\n\n0\n\n\n\n\nAdjusted operating profit margin\n\n\n16.1%\n\n\n17.1%\n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nReported operating profit\n\n\n437\n\n\n410\n\n\n \n\n\n7\n\n\n \n\n\n\n\nAdjusted Diluted EPS (pence)*\n\n\n82.1\n\n\n82.1\n\n\n \n\n\n0\n\n\n7\n\n\n\n\nDiluted EPS (pence)\n\n\n81.7\n\n\n68.4\n\n\n \n\n\n19\n\n\n \n\n\n\n\nFree cash flow\n\n\n301\n\n\n484\n\n\n \n\n\n \n\n\n \n\n\n\n\nDividend (pence)\n\n\n42.5\n\n\n41.3\n\n\n \n\n\n3\n\n\n \n\n\n\n\n*See page 12 for definitions of alternative performance measures\n \n· Successfully launched new creative vision including new product aesthetic \n· Built brand heat and shifted consumer perceptions with improved social media reach, wider press coverage and organic endorsement from influencers\n· Excellent wholesale sell-in of new collections incl...