Burberry Group PLC

BRBY: XLON (GBR)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
GBX 6,626.00LksfpyCvktdkdqz

Burberry Earnings: Slowdown in Luxury Industry Hits Profits; Shares Attractive

We maintain our fair value estimate of GBX 2,460 for Burberry as the firm reported weaker sales in the second quarter, pressure on margins, and warned that weaker luxury buying may weigh on full-year profits. We may adjust our full-year profit assumptions downward, but it shouldn't result in a significant change to our fair value estimate. We view shares as attractive at current levels.

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