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British luxury fashion house known for its trench coats and iconic check pattern.
British luxury fashion house known for its trench coats and iconic check pattern.
Sells mostly through its own stores and website, with the rest to department stores and other wholesale buyers and through licences such as beauty. Since 2022 it has changed its chief executive and creative leadership and refocused the range on outerwear and scarves, the products closest to its identity.
Moat: narrow (brand, IP / patents). Iconic, trademarked check pattern and heritage British brand recognition.
Headquarters: London, UK · Founded: 1856 · Employees: 7,299
Size Burberry (BRBY.L) is a United Kingdom Consumer Discretionary company (Apparel/Footwear) with a market value of $5.38B, the 90th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £1,108 on 6 Nov 2026.
Performance Over six months the shares fell 4.2%, against +4.4% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue fell 1.7% over the last twelve months (peer median +5.5%); the operating margin is 7.2% (peer median 13.5%).
Valuation It trades at 28.8× forward earnings against a peer median of 14.3× (5th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +19 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.1 points below its cost of capital (11.4% WACC).
Credit Burberry has 1 bond outstanding ($601M), rated NR by the agencies and trading like BBB- at a weighted spread of 138 bp.
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £2.42B | £2.42B | £2.46B | £2.97B | £3.09B |
| Revenue growth | — | -2% | -17% | -4% | — |
| Gross profit | £1.38B | £1.27B | £1.13B | £1.63B | £1.84B |
| EBITDA | £550M | £528M | £473M | £824M | £981M |
| Net income | £21.0M | £21.0M | -£75.0M | £270M | £490M |
| Free cash flow | £411M | £411M | £307M | £344M | £614M |
| Capital expenditure | £114M | £114M | £151M | £212M | £179M |
| Total debt | n/a | £1.52B | £1.92B | £1.57B | £1.49B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Burberry BRBY.L | $5.38B | -4% | -2% | 7% | 28.8× | 19.1% |
| LVMH Moet Hennessy Louis Vuitton MC.PA | $226B | -11% | -4% | 22% | 18.6× | 10.2% |
| Kering KER.PA | $25.7B | -23% | -9% | 11% | 30.9× | 12.2% |
| Ralph Lauren RL | $22.4B | +5% | +15% | 17% | 18.6× | 11.0% |
| Moncler MONC.MI | $13.8B | -11% | +3% | 29% | 19.5× | 10.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BRBY.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.0% | +12.5% | 9th lowest of 21 |
| 6-month return | -4.2% | +4.4% | 6th lowest of 21 |
| Distance from 52-week high | -19.5% | -13.0% | 6th lowest of 21 |
| Revenue growth (TTM) | -1.7% | +5.5% | 4th lowest of 21 |
| Operating margin | 7.2% | 13.5% | 4th lowest of 21 |
| Forward P/E | 28.8× | 14.3× | 5th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 19.1% | 4.6% | 6th most demanding of 20 |
| Growth delivered (Del g) | +0.6% | +11.4% | 2nd lowest of 20 |
| Hurdle (Req g minus delivered) | +18.5 pp | -7.2 pp | 2nd most demanding of 20 |
| ROIC minus cost of capital | -4.1 pp | +5.5 pp | 3rd lowest of 21 |
| EV / EBITDA | 8.8× | 10.8× | 7th cheapest of 17 |
| Net debt / EBITDA | 1.6× | 1.6× | 9th least indebted of 17 |
| Bond spread | 138 bp | 152 bp | 2nd tightest of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Burberry BRBY.L | United Kingdom | $5.38B | -4% | -2% | 7% | 28.8× | 19.1% | +0.6% |
| Li Ning 2331.HK | Hong Kong | $5.10B | -21% | +7% | 13% | 14.4× | -5.4% | +14.6% |
| Youngor Fashion 600177.SS | China | $5.69B | +10% | -5% | -3% | 12.8× | 23.3% | +0.1% |
| Abc-mart 2670.T | Japan | $5.03B | +20% | +4% | 17% | 16.2× | -10.0% | +11.4% |
| Ermenegildo Zegna ZGN | United States | $5.96B | +7% | +11% | 9% | 31.1× | 20.3% | +11.3% |
| Fosun International 0656.HK | Hong Kong | $4.82B | +11% | -1% | 3% | 12.9× | 10.6% | +4.1% |
| Gildan Activewear GIL.TO | Canada | $6.48B | -40% | +40% | 15% | 6.8× | 6.5% | +13.7% |
| HLA 600398.SS | China | $4.47B | -6% | +7% | 11% | 14.3× | -13.1% | +3.8% |
| Puma PUM.DE | Germany | $4.42B | +4% | -19% | -6% | n/a | n/a | n/a |
| Brunello Cucinelli BC.MI | Italy | $6.61B | +4% | +10% | 18% | 37.8× | 20.6% | +20.9% |
| Birkenstock BIRK | United States | $6.64B | -5% | +20% | 24% | 13.9× | 7.4% | +19.9% |
| Bosideng International 3998.HK | Hong Kong | $6.64B | +3% | +8% | 18% | 10.3× | -10.8% | +14.2% |
| Page Industries PAGEIND.NS | India | $4.22B | -4% | +8% | 19% | 46.8× | 27.7% | +13.1% |
| Kontoor Brands KTB | United States | $4.21B | +5% | +16% | 13% | 13.2× | 1.1% | +8.5% |
| K.P.R. Mill KPRMILL.NS | India | $4.21B | +19% | +6% | 18% | 34.8× | 29.9% | +13.3% |
| Crocs CROX | United States | $6.94B | +47% | +1% | 23% | 9.6× | 1.1% | +23.9% |
| PVH PVH | United States | $4.15B | +1% | +2% | 8% | 8.1× | 2.5% | +4.6% |
| Huali Industrial 300979.SZ | China | $7.09B | +6% | -10% | 14% | 19.7× | -4.4% | +12.4% |
| V.F VFC | United States | $8.01B | +7% | -2% | 8% | 16.6× | 11.1% | +0.8% |
| Columbia Sportswear COLM | United States | $3.61B | +12% | 0% | 8% | 16.2× | 4.6% | +6.3% |
| Shenzhou Intl 2313.HK | Hong Kong | $8.08B | -7% | +2% | 16% | 11.8× | -4.5% | +5.4% |
Burberry has 1 bond outstanding with $601M face value. The agencies rate it NR; its bonds trade like BBB-. Weighted yield 6.11%, a spread of 138 bp over government bonds.