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 expects momentum to continue after like-for-like sales rose more than expected in the fourth quarter, though it declined to give a specific target and also said the conflict in the Middle East had dented sales in the region.