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Burberry sales jump


Burberry sales jump


British luxury brand Burberry saw sales jump 18 percent in its latest quarter – much better than analysts had expected.

The seller of raincoats and leather goods said it made the equivalent of 394 million euros in retail revenue in the three months up to the end of June.

The group enjoyed double-digit comparable store sales growth in the Asia Pacific region, driven by Hong Kong and China. The Americas enjoyed the same level of growth.

In its European, Middle Eastern, Indian and African division, growth was in the high single-digits.

The news boosted its shares and allowing it to maintain its full-year guidance in the face of an otherwise struggling global economy.

“Spring/summer 2013 was a standout season driven by innovative marketing,” said Chief Executive Angela Ahrendts.

“Looking forward, the macro outlook remains uncertain and we will continue to focus our investment on profitable high growth opportunities by channel, region and product categories.”

Burberry highlighted “an uneven trading environment” and said sales of outerwear and large leather goods accounted for over half the growth, while men’s accessories and tailoring outperformed.

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