Burberry’s third-quarter fiscal year 2025 report shows a 7% decline in retail revenue to £659 million ($824 million) for the three months ending December 28. The Americas saw a 4% sales increase, while EMEIA and Asia-Pacific declined by 2% and 9%, respectively. Same-store sales fell by 4%, better than the expected 12%. Despite uncertainties in the macroeconomic environment, Burberry expects stronger second-half performance to offset first-half operating losses. CEO Joshua Schulman emphasized the company’s ongoing transformation and its focus on core categories for sustainable growth.