Double-digit first-half growth for Burberry
15/10/2014
The 14% increase in the six months to the end of September came after a profit warning this time in 2012 which shook the market, temporarily decimated its share price and caused investors to question the future of the luxury goods sector.
However the brand has reported double-digit sales growth in Asia Pacific and Americas, mid single-digit growth in EMEIA and continued digital outperformance in all regions.
It noted leather bags as one of the drivers.
CEO Christopher Bailey said: “This has been a strong first half for Burberry, with sales growth of 14% reflecting our ongoing brand and business momentum. Looking ahead, while mindful of the more difficult external environment, we have never been better prepared internally for the all-important festive periods, with our teams intensely focused on delivering outstanding products and experiences, alongside continued investment to drive productivity and profitable growth over the long term.”
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