Burberry shares slide on Monday 15th July 2024 after the UK luxury fashion group announced a profit warning and a dividend halt and said its chief executive officer (CEO) was being replaced.
The maker of the iconic trench coat described a ‘disappointing’ fiscal first-quarter 2025 in a trading update.
Burberry reportedly said that if the recent trading slowdown continues, it expects to report an operating loss for the first half of this year and full-year operating profit below current consensus.
Shares in the 168-year-old British luxury giant were down 15% on Monday 15th July 2024 in early London trading.
Burberry share price falls to around 745 on Monday 15th July 2024 – one year share price chart
