By
with contributions from Fiona Ma
 on May 16, 2019

LONDON — Burberry’s transition to thrusting luxury player was always going to be painful, but that’s fine with chief executive officer Marco Gobbetti, who’s delivering to plan, and focusing on the bigger picture.

Revenue in fiscal 2019 was 2.72 billion pounds, broadly flat against last year, while adjusted operating profit margin remained relatively steady at 16.1 percent, in line with the broader strategy Gobbetti laid out 18 months ago, and with analysts’ expectations.

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