Burberry swung to a pre-tax profit of 49 million British pounds ($66.23 million) for the fiscal year ending March 2026, from a 66 million pound loss a year earlier, as CEO Joshua Schulman’s turnaround strategy gains momentum. Revenue edged down to 2.42 billion pounds ($3.27 billion), though retail comparable store sales grew 2% for the year and 5% in the final quarter. Greater China and the Americas each posted 10% sales jumps in the fourth quarter, with outerwear and scarves delivering double-digit growth in the second half. The company also announced Chairman Gerry Murphy will retire in November, to be succeeded by Bridgepoint founder William Jackson.

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