Q1 sales rise 19% at Burberry
Luxury apparel, accessories and lifestyle products company Burberry has reported its financial results for the first quarter ended June 30. Sales increased by 19% in this period compared with the corresponding period a year ago, partly as a result of new stores that have recently been opened. Total revenue grew 12% on an underlying basis.
Retail performance was generally strong across the regions. In the
CEO Angela Ahrendts stated, “The strong first quarter results reflect the continued momentum of Burberry’s retail operations across our primary product categories and geographical regions. As a whole, performance in this period is consistent with expectations for the full financial year.”