Burberry Group Plc · LSE:BRBY
Burberry — Q3 FY2021 Earnings Presentation
8 slides from Burberry's earnings presentation, 2021
Slide 1: Q3 2021 Trading Update: Summary of Progress
BURBERRY LONDON ENGLAND Q3 2021 TRADING UPDATE SUMMARY OF PROGRESS Full-price sales growth up high single-digit Leather goods performing well Digital remains strong Good growth in new and younger customers Gross margin benefits from full-price, regional & channel mix effects and lower stock provisio
Slide 2: Comparable sales growth
Comparable sales growth Full-price performance Markdown and outlet reduction COVID-19 related store closures Tourist-dependent destinations 3 4
Slide 3: Sales growth by region and product
5 • • • • • • • 6 LDD- low double digit, MSD- mid single-digit, HSD- high single-digit, MDD- mid double digit, MT- mid teens
Slide 4: Q3 FY2021 Business Highlights
(peg gcetiese serge reatemia rat Q3 FY2021 BUSINESS HIGHLIGHTS * Full-price product performing well + Leather goods — low-teens full-price sales growth * Outerwear — low double digit full-price sales growth + Digital continues to outperform * Strong seasonal campaign with Marcus Rashford + Lunar New
Slide 5: Outlook
ANEW AWAKENING OUTLOOK ‘ Encouraged by strong full-price performance in Q3 Markdown reduction to plan Gross margin tailwind from full-price, regional & , channel mix effects and lower stock provisions Opex management in line with plan Inventory management remains on track Well placed to accelerate w
Slide 6: Disclaimer
APPENDIX 1 DISCLAIMER The financial information contained in this presentation is unaudited. Certain statements made in this announcement are forward-looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual r
Slide 7: Alternative Performance Measures
ALTERNATIVE PERFORMANCE MEASURES All metrics and commentary in this presentation are at reported FX and exclude adjusting items unless stated otherwise. Constant exchange rates (CER) removes the effect of changes in exchange rates compared to the prior period, This takes into account both the impact
Slide 8: IR Contacts
IR CONTACTS Julian Easthope VP, Investor Relations julian.easthope@burberry.com Stephanie Crinnegan Director, Investor Relations stephanie.crinnegan@burberry.com Sophie Parker Investor Relations Coordinator sophie.parker@burberry.com REPORTING CALENDAR Prelim results 13 May 2021 Horseferry House Hor