Burberry Revenues Soar 14%, Jeronimo Martins Net Sales Jumps 7%

Nigel Thomas
14 Jan, 2015
New York City

Burberry revenues in the third-quarter soared 14% to

[R]4:00 PM Frankfurt – Burberry revenues in the third-quarter soared 14% to £604 million. C&C Group lowered operating profit forecast for the year to €115 million. Jeronimo Martins net sales in the year climbed 7% to €12.7 billion. Just Eat reported total orders for the year surged 52%.[/R]

In London trading, FTSE 100 index declined 2.7% or 179.53 to 6,362.67 and in Frankfurt the DAX index dropped 1.5% or 147.36 to 9,793.64.

In Paris, CAC 40 index slumped 1.7% or 74.74 to 4,215.54.

Burberry Group Plc slipped 1.4% to 1,641 pence after the U.K.-based luxury apparel and accessory retailer said retail revenues in the third-quarter soared 14% to £604 million and comparable store sales in the quarter jumped to 8%.

The company forecasted wholesale segment revenue excluding beauty segment in the second-half ending in March may drop by a mid single-digit percentage compared to £240 million in a year ago period.

C&C Group Plc declined 9.6% to €3.39 after the Ireland-based beer, wine and soft drinks maker forecasted operating profit for the year in the region of about €115 million and EBIT may about €115 million from a year ago period.

Jeronimo Martins SGPS SA surged 9.6% to €9.47 after the Portugal-based food retailer reported net sales in the year climbed 7.2% to €12.68 billion from €11.83 billion a year ago period.

The company said sales form the Biedronka segment jumped 9.5% to €8.43 billion and total sales form Pingo Doce business increased 1.7% to €3.23 billion but revenues from Recheio segment fell 0.7% to €799 million from a year ago period.

Just Eat Plc climbed 3.8% to 342 pence after the U.K.-based takeaway food restaurant operator reported that total orders for the year surged 52% and comparable store sales soared 50% from a year ago period.