“We are delighted with Burberry's 19% underlying increase in revenue in the first half of the year. Our new luxury outerwear, apparel and non-apparel collections, combined with our compelling marketing campaigns, have again driven demand in both our retail and wholesale channels."
"This performance is consistent with our profit expectations for the full year as we continue to increase our investment in the infrastructure of the business to support this strong growth.”
There will be conference calls to discuss this update at 9am and 3pm (UK time). The conference calls can be accessed live on the Burberry website with replays of both calls available later.
Burberry will release its interim results for the six months to 30 September 2007 on 14 November 2007.
Total revenue in the first half increased by 19% on an underlying basis (15% reported), further reinforcing the strength of the Burberry brand and strategies.
By channel, retail sales increased by 25% on an underlying basis. By region, both Europe (excluding Spain) and North America grew in excess of 20% underlying; and by product, non-apparel increased by 35% underlying.
Retail sales, which accounted for 45% of total revenue in the first half, increased by 25% on an underlying basis (20% reported).
Comparable store sales grew by 11%, driven by strong autumn/winter product designs, by cohesive advertising and marketing campaigns and by the more frequent flow of new products to our stores.
marketing@alchempro.com
