Burberry sees double digit growth

Burberry today reported on the group’s trading for the three months to 30 June 2008, posting higher than expected earnings rising 22%. The company stated global retail revenue was up 14%, with comparable store sales growth of 4.5%. Burberry also saw strong comparable store growth in the Americas, Europe and Asia which was offset by continued weakness in Spain with good performances in non-apparel and outerwear. Commenting on this performance, Angela Ahrendts, Chief Executive Officer, said: “I am pleased with Burberry’s start to the year in an increasingly challenging external environment. Our brand momentum is strong, driven by product innovation and a focused management team. This momentum, together with the diversity and balance we have across products, channels and regions, underpins our confidence for the future.”

Burberry will release its First Half Trading Update for the six months to 30 September 2008 on 14 October 2008. It will announce its interim results for the six months to 30 September 2008 on 18 November 2008.

Image: Burberry AW08 campaign

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