Burberry reported retail sales growth of 4% at CER, reaching £735m (+22% reported), boosted by a strong outperformance in the UK and a promising recovery in Asia. Sales in the home market surged by 40% (on a comparable basis), underpinned by a large inflow of overseas consumers. Other Europe posted a weak performance despite a slight improvement in France. Demand in Mainland China accelerated, showing high single-digit growth, and mitigating the still deteriorated momentum in Hong Kong.
