Had warned on outlook in November
Q3 revenue falls 7
Sees 202324 profit of 410460 mln stg
Shares down 7

LONDON, Jan 12 Reuters British luxury fashion brand Burberry warned on its full year profit outlook for the second time in three months on Friday, blaming a further slowing in global demand in the run up to Christmas, triggering another slump in its shares.

Shares in Burberry were down 7 in morning trading, extending losses over the last year to 44. Other luxury stocks also traded lower, with LVMH and Kering , which is overhauling its star label Gucci, both down 2.

Burberry39;s latest warning is a major blow to CEO Jonathan Akeroyd39;s turnaround plan as he tries to move upmarket under the creative guidance of designer Daniel Lee, who launched his first collection last September.

Having experienced a deceleration in trading in its key December period, Burberry now expects fullyear adjusted operating profit in a range between 410 million pounds 523 million and 460 million pounds.

In November, it had said adjusted operating profit would be towards the lower end of analysts39; forecasts at the time of 552 million pounds to 668 million pounds.

Rivals, led by French luxury leaders LVMH and Kering, have also reported lower demand for highend goods in key markets.

Conflict in the Middle East has added geopolitical uncertainty to a luxury industry outlook already clouded by inflation, with shoppers in the U.S. and Europe tightening their purse strings while…