Bernstein: Bo Pell is moving in the right direction.

Analysts at Bernstein wrote in a report that Burberry is slowly but steadily moving in the right direction. The British luxury goods company announced that its second-quarter same-store sales growth exceeded expectations, and the company is continuing to implement a recovery strategy. Adjusted operating profit also exceeded the company's average expectations. These analysts stated: "We believe this should be viewed positively." They expect this positive trend to continue. The stock rose by 6.9%, closing at 13.42.