Burberry Group PLC

BRBY: XLON (GBR)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
GBX 2,892.00PhsdnfjKpvwqcrx

Burberry Sales Growth Hit by Lockdowns in China During Q3; Shares Fairly Valued

We are maintaining our fair value estimate for narrow-moat Burberry as the company reported a deceleration in third-quarter sales growth, largely driven by lockdowns and reduced activity in China and some sequential deceleration in Europe, Middle East, and Africa. We view shares as largely fairly valued at current levels after a solid share price increase and peer outperformance last year.

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