Outerwear and handbags lead Burberry’s retail growth - leatherbiz: Lea Leatherbiz

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Outerwear and handbags lead Burberry’s retail growth

17/01/2007

UK-based luxury apparel and accessories company Burberry Group plc has reported improved revenue and sales figures for its third quarter ended December 31, 2006.

Total revenue increased by 25% on an underlying basis to £206 million ($404.8 million) from £168 million in the third quarter of 2005. Retail sales accounted for approximately 70% of the total revenue, increasing by 24%, underlying, to £143 million, up from £115 in the prior year period. Outerwear performance led retail gains with new luxury handbag styles and Burberry’s runway collection also experiencing strong demand. Wholesale revenue increased by 33% underlying, to reach £43 million. Underlying licensing revenue for the quarter rose by 12% from £18 million to £19 million.

For the nine-month period ended December 31, 2006, revenue grew to £597 million from £529 million in 2005.





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