Burberry's 2023/24 Financial Year Review

Burberry is Navigating Challenges with Resilience and Innovation

Sectors & Markets

04 July, 2024

Table of contents

The 2023/24 financial year presented significant challenges fo Burberry, marked by global economic pressures and changing luxury consumer behaviours. Nonetheless, the company's annual report highlights critical financial performances and forward-looking strategies that are deeply rooted in its heritage and commitment to innovation.

Financial Performance Overview

In the 2023/24 financial year, Burberry reported a total revenue of £2,97 billion, showing stability at constant exchange rates but reflecting a 4% decrease on a reported basis. Adjusted operating profit stood at £418 million, indicating a 25% decrease at constant exchange rates. Despite these challenges, the company maintained a dividend per share at 61.0p, mirroring the previous year's payout and emphasising its commitment to shareholder returns.