Burberry Group plc (BRBY) Q1 2027 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.418 -- 00:00:06.442 Good morning. I'm Kate Ferry, CFO of Burberry, and with me today are 00:00:06.442 -- 00:00:12.606 Josh Schulman, our CEO, and Joe Kennedy, Head of Investor Relations. 00:00:12.688 -- 00:00:17.352 As you will have seen, we published our Q1 trading update this morning. 00:00:17.352 -- 00:00:21.996 There are slides to accompany this call on our corporate website, and a transcript will 00:00:21.996 -- 00:00:25.167 also be available later today. 00:00:25.167 -- 00:00:29.919 In terms of running order, I'll go through our performance in the first quarter and then 00:00:29.919 -- 00:00:33.803 Josh and I will be happy to take your questions. 00:00:34.665 -- 00:00:39.628 We have continued to make progress with our Burberry Forward strategy this quarter. 00:00:39.628 -- 00:00:44.891 Comparable retail sales grew 5% versus last year, led by continued strength 00:00:44.891 -- 00:00:47.693 in Americas and Greater China. 00:00:47.693 -- 00:00:52.696 We sustained brand momentum through culturally relevant storytelling and activations, 00:00:52.696 -- 00:00:57.078 driving sales and engagement across key markets. 00:00:57.078 -- 00:01:01.601 We are cementing our authority in outerwear and scarves with outerwear growing double 00:01:01.601 -- 00:01:07.286 digits in the quarter, supported by demand for heritage rainwear, lightweight jackets 00:01:07.286 -- 00:01:09.367 and seasonal products. 00:01:09.367 -- 00:01:13.757 We are also encouraged by the performance of our silk scarves. 00:01:13.757 -- 00:01:18.223 At the same time we're extending our product authority into ready to wear and women's 00:01:18.223 -- 00:01:23.509 bags. Overall and for the first time in three years we saw growth across 00:01:23.509 -- 00:01:29.734 our women's wear, men's wear,...