LONDON — Exceptional items related to Burberry’s initial public offering last summer took a bite out of the luxury company’s bottom line in the fiscal year ending March 31, while its short-term outlook is clouded by the downturn in travel and other current events.
Burberry said Thursday that its net profits slid 7.6 percent to $85.6 million from $92.7 million last year. Diluted earnings per share dropped 7.2 percent to 17 cents from 18 cents.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"