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Burberry reports a 7% revenue drop but sees growth in the Americas and rising share prices.
Burberry reported a 7% drop in third-quarter revenue to £659 million, with a 4% decrease in comparable store sales.
The Americas saw a 4% growth, while Asia Pacific had the biggest decline at 9%.
CEO Joshua Schulman's turnaround plan, which includes cost-cutting and focusing on core products, shows early signs of success, boosting share prices by 14%.
Despite the sales dip, Burberry is optimistic about offsetting the first-half loss with second-half results.
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Burberry reporta una caída de los ingresos del 7%, pero ve un crecimiento en las Américas y un aumento de los precios de las acciones.