Burberry continued to improve its pace of growth and moved to positive territory in Q1. Retail sales rose 3% underlying (+13% reported) to £478m, boosted by the recovery in mainland China and the strong momentum in the UK. Revenue was up by a mid single-digit rate in Asia Pacific. In Europe, sales edged up by a single-digit rate. Conditions in the Americas remain challenging where revenues declined by a low single-digit percentage. As regards product categories, growth was led by fashio
12 Jul 2017
Burberry speeds up its growth in Q1
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Burberry speeds up its growth in Q1
Burberry Group plc (BRBY:LON) | 1,116 -401.8 (-3.1%) | Mkt Cap: 4,029m
- Published:
12 Jul 2017 -
Author:
Rim BEN SALAH -
Pages:
2 -
Burberry continued to improve its pace of growth and moved to positive territory in Q1. Retail sales rose 3% underlying (+13% reported) to £478m, boosted by the recovery in mainland China and the strong momentum in the UK. Revenue was up by a mid single-digit rate in Asia Pacific. In Europe, sales edged up by a single-digit rate. Conditions in the Americas remain challenging where revenues declined by a low single-digit percentage. As regards product categories, growth was led by fashio