Burberry stock reports a stronger fiscal 2026 turnaround

Burberry stock (ISIN GB0031743007) was last at GBp 1,017.50 on the London Stock Exchange on September 28, 2026 at 8:37 a.m. London time, up 0.05 percent on the session. The immediate investor question is whether a sharp profit recovery can offset increasingly cautious analyst views.

Profit recovery gains scale

For the fiscal year ended March 28, 2026, Metro Mode reported revenue of GBP 2.42 billion, down 2 percent from the prior year. Adjusted operating profit rose from GBP 26 million to GBP 160 million, while the adjusted operating margin increased from 1.0 percent to 6.6 percent.

The improvement also reached trading performance: comparable store sales increased 2 percent in fiscal 2026 after falling 12 percent in the previous year. The first quarter of fiscal 2027 then delivered 5 percent comparable-store sales growth, according to the same fiscal update carried by Metro Mode.

Analysts trim their targets

RBC Capital Markets downgraded Burberry to sector perform from outperform on September 22, 2026, and cut its price target to GBp 1,200 from GBp 1,400, as Sharecast reported. The new target stands 17.94 percent above the reference price, but RBC said consensus expectations for 5 to 6 percent revenue growth and 200 basis points of EBIT margin expansion in fiscal 2029 looked too optimistic.

HSBC had already lowered its rating to hold from buy and reduced its target to GBp 1,200 from GBp 1,350 on September 9, 2026, according to Sharecast. That leaves the stock 33.08 percent below its 52-week high of GBp 1,520.50 and 6.72 percent above its 52-week low of GBp 953.40.

Interim results set for November

Burberry's investor calendar lists interim results for November 12, 2026, while its July 17 trading update marked the latest scheduled operating milestone, according to Burberry. The next report will test whether the 5 percent first-quarter comparable-sales gain can develop into broader revenue growth while the 6.6 percent adjusted margin holds.

Burberry stock stays below yearly high

Burberry stock was last at GBp 1,017.50 on the LSE on September 28, 2026 at 8:37 a.m. London time, with a session change of 0.05 percent and volume of 28,092 shares.

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