Burberry’s shares go down, despite the sales in menswear

The Burberry company has opened three new store all around the world by the 30th of June. The menswear has been selling a lot according to the company’s statics, however the shares seem to be going down.

The growth in China is double –digit, the performances in UK are going great, just like in Germany and France. However, the growth in Italy and Korea seems to be weaker. The menswear collection, sells well, but the creation of the new stores cost 408 million pounds and the statics showed that the forecast was below consensus. From the estimated 416 million pounds, the company gained 413 million pounds.

The Burberry shares fell 5,4% to 12,15 pounds in early trading

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