FASHION RETAIL NEWS UK
Burberry says fourth quarter sales have been better than expected
12 March, 2021 | by Angela Beevers
Luxury fashion brand Burberry has said it now expects its full year revenue and adjusted operating profit to be ahead of expectations.
In a statement, the company said it had experienced a strong rebound in sales since December and is now forecasting that comparable store retail sales in its fourth quarter will be 28% to 32% higher than in the same period last year.
For the full year, it expects group revenue to decline by between 10% and 11% and its adjusted operating margin to be in the range of 15.5% to 16.5%.
Burberry’s full year results are due to be released on 13 May.
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