Burberry quarterly sales rise 11%, beat forecasts

This post was originally published on this site

The quarterly performance lifted first-half revenue to 1.35 billion pounds ($1.61 billion), up 5% in constant exchange rates and just ahead of forecasts, while adjusted operating profit rose 6% to 238 million pounds.

Chief Executive Jonathan Akeroyd presented his plan to drive growth alongside the results, including a target to broadly double sales of leather goods, shoes and women’s ready to wear and grow outerwear by around 50% in the medium term.

($1 = 0.8404 pounds)