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LONDON - Retail sales and a flourishing fragrance business increased first-quarter revenue at Burberry Group plc by 18.4 percent to 135 million pounds, or $248.4 million, from 114 million pounds, or $210 million in the year-ago period.
New retail stores around the globe — as well as existing units — were big growth drivers in the period ending June 30, the company said in a statement on Wednesday.
The first-quarter results — all figures have been converted at current exchange rates — “reflect the continued momentum of Burberry’s retail operations across our primary product categories and geographical regions,” said Angela Ahrendts, who took over as chief executive officer from Rose Marie Bravo on July 1. "As a whole, performance in the period to June 30 was consistent with expectations for the full financial year.”
For complete coverage, see tomorrow's issue of WWD.