Luxury group Burberry has said it has continued to see “a strong rebound” in recent months. It now expects its revenue for the financial year that is coming to a close to be “ahead of consensus expectations”.

Comparable store retail sales in the fourth quarter are on course to be between 28% and 32% higher than for the same quarter a year ago.

It still expects a decline of around 10% for the full year, but it said it wanted to show that its business is flowing better now than it did in the first months of the pandemic at the start of 2020.

Burberry revealed the information in an unscheduled trading update on March 12, ahead of the end of its financial year, which this year will be March 27.
 

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