LONDON (Reuters) -British luxury brand Burberry on Wednesday reported better-than-expected fourth-quarter sales and adjusted operating profit for its full year ending March 29 as it said brand sentiment was improving.

Burberry ( BBRYF ), in the early stages of a turnaround strategy led by CEO Joshua Schulman, narrowly avoided a loss for its 2025 financial year with an adjusted operating profit of 26 million pounds ($34.55 million), still significantly lower than the 418 million pounds reported a year ago.

Fourth-quarter comparable sales were down 6%, better than analysts' average forecast for a 7% decline.