Burberry’s Cautious Outlook Disappoints After Sales Boost

Burberry Group Plc disappointed investors after the British luxury brand issued a cautious outlook for this fiscal year and warned geopolitical and economic uncertainty may hurt shopper confidence.

The maker of tartan scarves and gabardine trench coats declined to give detailed targets other than to say momentum will continue after like-for-like sales rose more than expected in the fourth quarter, despite the conflict in the Middle East denting sales in the region.