Friday preview: Burberry first-quarter numbers in focus
By Michele Maatouk
Date: Thursday 16 Jul 2026
(Sharecast News) - On Friday, London-listed luxury fashion brand Burberry will publish first-quarter results.
Bloomberg consensus is for retail sales of £454.9m. Retail revenue is expected to have risen 4.72% at constant exchange rates, while retail comparable sales are estimated to have ticked up 5.22%.
Bloomberg consensus is for Greater China comparable sales to be up 9.98%, Asia Pacific up 6.66% and Americas up 9.73%. EMEIA comparable sales are estimated to have declined 2.33%.
On the macroeconomic calenda, eurozone inflation figures for June are due at 1000 BST, while in the US, June housing starts are out at 1330 BST and the preliminary Michigan consumer sentiment index for July is out at 1500 BST.
Commenting on eurozone inflation, Michael Hewson at MCH Market Insights said it has become increasingly apparent that the recent ECB rate hike may well have been a mistake, after the latest flash CPI numbers for June showed that headline inflation slowed to 2.8%, from 3.2% in May.
He noted that core inflation also slowed sharply, dipping back to 2.4% from 2.6%.
"The sharp decline in crude oil prices has helped in this regard, while we've also seen evidence of slowing food inflation. It's not as if the ECB wasn't warned that they were being premature, and it's not as if they haven't been caught out before by moving too early.
"Sadly, it would appear that the ECB, rather than learning from past mistakes, seems to believe in the idea that this time will be different. Embarrassingly for them the likes of Lagarde and the rest of the council may well be forced to reverse course in the next few months as growth and economic activity continues to struggle."
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