Burberry Group Plc · LSE:BRBY
Burberry — Q1 FY24 Earnings Presentation
9 slides from Burberry's earnings presentation, Jul 14, 2023
Slide 1: Q1 FY24 Results Presentation: Summary of Progress
Q1 FY24 RESULTS PRESENTATION 14 JULY 2023 Q1 FY24 | SUMMARY OF PROGRESS • Q1 FY24 comparable store sales growth +18% • Mainland China comparable store sales growth +46% • Comparable store sales growth outside of Mainland China up 11% • Excellent performance of outerwear up 36% with leather goods up
Slide 2: Regional Retail Comparable Sales Growth and Retail Sales Growth
Q1 FY24 | REGIONAL RETAIL COMPARABLE SALES GROWTH GROUP Q1 +18% EMEIA Q1 +17% AMERICAS Q1 -8% ASIA PACIFIC Q1 +36% Mainland China Q1 +46% FY23 Total Retail Sales Americas 23% Asia Pacific 49% EMEIA 28% 3 Note: Comp - Comparable store sales at CER Q1 FY24 | RETAIL SALES GROWTH +19% +1% £599m +17% +18
Slide 3: Brand: Met Gala / Product
Q1 FY24 | BRAND MET GALA 5 Q1 FY24 | PRODUCT 6
Slide 4: Brand and Customer Experience
Q1 FY24 | BRAND ROYAL ACADEMY ROYAL OPERA HOUSE NATIONAL GALLERY 7 Q1 FY24 | CUSTOMER EXPERIENCE NEW BOND STREET, LONDON FIFTH AVENUE, NEW YORK 8
Slide 5: Responsibility and FY24 Outlook
RESPONSIBILITY | SUPPORTING COMMUNITIES PRODUCT PLANET PEOPLE COMMUNITIES 9 FY24 OUTLOOK • Confirm existing FY24 guidance of HSD revenue CAGR1 and adjusted operating profit margin of around 20% at CER2 • No change anticipated to overall retail space • FY24 wholesale revenue expected to decline by a
Slide 6: Q&A / Appendix
Q&A APPENDIX
Slide 7: Disclaimer and Alternative Performance Measures
DISCLAIMER The financial information contained in this presentation in 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 results to d
Slide 8: FY24 Financial Outlook and Foreign Exchange Rates
FY24 | FINANCIAL OUTLOOK Retail space Space is expected to be broadly stable in FY24 REVENUE Wholesale revenue is expected to decline around low double-digits in H1 Wholesale FY24, and broadly stable for the full year PROFIT Tax rate We expect the adjusted effective tax rate to be around 27% Based o
Slide 9: IR Contacts
IR CONTACTS JULIAN EASTHOPE REPORTING CALENDAR VP, Investor Relations Interim Results 16 November 2023 julian.easthope@burberry.com LAUREN WU LENG Director, Investor Relations Horseferry House lauren.wuleng@burberry.com Horseferry Road London RHIAN POWELL SW1P 2AW Investor Relations Coordinator Tel: