UK's Burberry falls as Middle East conflict weighs on Q1 results

Burberry

17/07/2026 08:11

** Shares of luxury brand Burberry BRBY.L fall 3% to 1,086.5p, among top losers on the FTSE 100 index .FTSE, which is down 0.04%
** Retail sales in Europe, Middle East, India and Africa business fall 3% in Q1, as conflict in the Middle East dents tourist spending 
** However, comparable retail sales for the first-quarter grow 5%, in line with company-compiled consensus
** 12 out of the 21 analysts covering the stock have a "buy" or higher rating on the shares, 5 "hold" while 4 rate it "sell" or lower; median PT is 1,316.05p - data-compiled by LSEG 
** As of last close, BRBY was down 11.7% YTD, while FTSE 100 up ~6.5%


($1 = 0.7424 pounds)

 (Reporting by Atharva Singh in Bengaluru)
 ((atharva.singh@thomsonreuters.com ; +91 8090911601))