Second half sales at Burberry rise 19%
17/04/2007
British luxury brand Burberry has reported improved results for the six months ended March 31. Total revenue increased 20% on an underlying basis. Second half retail sales increased 24% underlying, driven by new and existing stores, whilst comparable store sales increased 12%. Wholesale revenue increased 17% underlying and licensing revenue improved 15% underlying.
Commenting on the results, Angela Ahrendts, CEO, stated, "Burberry achieved outstanding 20% underlying revenue growth in the second half. The significant investment initiated during this financial year to enhance the luxury component of the brand, advance retail expansion and evolve our operating model is driving accelerated growth across all three channels: retail, wholesale and licensing."
Burberry designs, sources, markets, licenses and distributes apparel, accessories for women, men and children.
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