Burberry (BRBY LN) CEO says they have not seen the impact of the war in Iran beyond the region; Middle East itself is about 2% of our sales
- CFO says FY27 consensus is in a "reasonable place".
Context
Burberry's CEO highlighted that the impact of the ongoing war in Iran has not yet affected their business significantly, emphasizing that the Middle East accounts for only 2% of their sales. The CFO's comment about FY27 consensus being in a 'reasonable place' suggests stability in their financial outlook, which may provide some comfort to investors given the current geopolitical tensions. This stability in guidance could bolster sentiment around Burberry's shares in the luxury goods sector amidst broader market uncertainties.
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