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

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.

Newsquawk StaffPublished 14 May 2026, 07:33 UTCOn the live feed at 07:13 UTC — 4 more headlines followed before this page went public

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07:20

South Korean Union Leader says they want Samsung Electronics (005930 SK) to answer to demands by 20:00 EDT (Thurs) / 03:00 BST (Fri), or will go on strike

07:14

Foxconn (2317 TT) says they are cautiously optimistic about this year; AI is not a short-term trend

07:13

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

07:10

EUROPEAN OPEN: US reportedly approves some NVDA H200 chip sales for China; Sky advances talks for GBP 1.6bln ITV LN unit; TEF SM sales misses, affirms guidance; XPEV explores European factory with VOW3 GY; BRBY LN comps beat as turnaround gains traction

07:05

European Movers: Telefonica (TEF SM) +5.2%, ASML (ASML NA) +1%, National Grid (NG/ LN) +1.3%, Burberry (BRBY LN) -4.5%

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CFO says FY27 consensus is in a "reasonable place".

Context

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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