Ian Pollard – Burberry #BRBY revenue falls; excitement with brand heat & social conversation
Burberry Group plc BRBY would have you believe that customers are experiencing excitement ahead of new product delivery. They are also building brand heat and that is causing the customer excitement to grow even more. Digital engagement is also high on the list of jargon in todays update which is for the 13 weeks to […]
Ian Pollard – Burberry #BRBY Forced To Adopt Meaningless Jargon
Burberry Group BRBY claims to have completed global roll out of new digital clienteling tool. Despite this first quarter comparable sales have grown 3%, which it finds pleasing.Even worse in the jargon stakes it is engaging consumers with frequent and sometimes unexpected “drops of fresh product”. The final insult to the intelligence of its […]
Ian Pollard – Mitchells & Butler – Reports Results on a Snow Adjusted Basis
Mitchells & Butler MAB tries to claim a strong performance for the half year to the 14th April but is reduced in the process to having to adjust its growth figures by calculating the impact of snow. Thus like for like sales growth of 1.6% becomes 2.5% on a snow adjusted basis. In the end […]
Pearson Selling The Family Silver
Pearson plc PSON The best that can be said about Pearsons 2017 results is that they came out at the top end of guidance and that the restructuring programme is on track. Nonetheless underlying revenues fell by 2% due to a 4% decline in North America where US higher education coursework fell by 3% despite […]
Royal Mail Responds To Challenges
Royal Mail Group RMG One can adjust ones view of Royal Mails results for the year to 31st March, according to whether one prefers ones results on a reported or on an adjusted basis.Whichever one prefers the final dividend of 15.6% means a rise for the year of 4%. On a reported basis, profit before […]