Burberry axes dividends, sees H1 loss as sales slump

(Sharecast News) - Luxury goods maker Burberry has suspended dividend payments and said it expected to post an interim operating loss after a slump in first-quarter revenues dur to weak demand in all its markets. The company said retail sales in the 13 weeks to June 29 fell by 22% to £458m, citing "slowing luxury demand with all key regions impacted by macroeconomic uncertainty and contributing to the sector slowdown".

"The slowdown in trading we experienced in the first quarter of full-year 2025 continued into July. If this trend were to continue through the current quarter, we would expect to report a first-half operating loss and full-year operating profit to be below current consensus," Burberry said on Monday.

Reporting by Frank Prenesti for Sharecast.com