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Trading statements

Burberry retail revenues up

19 April 2017 07:19

Burberry's retail revenue rose to £1,268m in the six months to the end of March - up 3% on an underlying basis and up 19% at reported FX.

Comparable sales were yo 3% (Q3 up 3%; Q4 up 2%) with strength in Mainland China driving growth in Asia Pacific.

The group saw double-digit growth in EMEIA led by an exceptional performance in the UK but there was a decline in the Americas, impacted by the challenging environment.

Chief creative and executive officer Christopher Bailey said: "In an uncertain environment, we continue to take action to strengthen the brand and reposition Burberry for growth.

"The outperformance of fashion and the strong customer response to new products underline our renewed creative momentum.

"I am delighted that Marco and Julie have now joined the business.

"While we have more to do, as we build on our progress so far, we remain confident about Burberry's prospects in the longer term."

Story provided by StockMarketWire.com

Related Company: BRBY

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