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Burberry says fourth quarter sales have been better than expected

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… View Article

FASHION

Burberry says fourth quarter sales have been better than expected

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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