Burberry Group approves interim dividend of 18.3p per share

DividendMax Ltd.

Burberry Group approves interim dividend of 18.3p per share

The interim dividend of 18.3p (last half year: 16.5p) per share has been approved by the Burberry Group Board of Directors after 30 September 2023. Accordingly, this dividend has not been recognised as a liability at the period end and will be paid on 26 January 2024 to Shareholders on the Register at the close of business on 15 December 2023. The ex-dividend date is 14 December 2023 and the final day for dividend reinvestment plan ('DRIP') elections is 5 January 2024.

A dividend of 44.5p (last half year: 35.4p) per share was paid during the period to 30 September 2023 in relation to the year ended 1 April 2023.

Other Financial Highlights Include: 

Q2 comparable store sales increased 1%, with EMEIA +10%, Asia Pacific +2%, Americas -10%

Significant progress on our plan, executing our priorities at pace

Good performance across core outerwear and leather goods categories

o Outerwear comparable store sales up 21% in H1 and 10% in Q2

o Leather goods comparable store sales up 8% in H1 and 3% in Q2

Delivered a more coherent brand aesthetic with campaigns generating significantly improved brand clarity, supported by a series of high-impact activations

Launched Winter 23 collection, broadening distribution and ensuring greater visibility in stores compared with previous seasons; new product complements core offer and early indicators are encouraging

Continued investment in distribution, opening or refurbishing 33 stores in the half and refreshed website in line with our new creative vision

Achieved efficiency improvements across the value chain in terms of product availability, on time delivery and material waste re-use

Strengthened supply chain with the completion of an outerwear acquisition in Italy in early October

£400m share buyback completed at end of October, with £200m completed in H1

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