Burberry sales rise thanks to demand for outerwear

Burberry
Burberry chair Gerry Murphy said growth in full-price sales had accelerated from the second quarter
// Burberry sales rose in third quarter after demand in products
// Full-price comparable store sales were 26% higher than the same period two years ago

Burberry has announced that its full-price sales accelerated in the third quarter, driven by a strong performance in outerwear and leather goods.

The luxury retailer said its adjusted operating profit for the year to April 3 rose by 35% at constant exchange rates.

Full-price comparable store sales were 26% higher than the same period two years ago, while comparable store sales on the same measure were down 3% due to its planned reduction in markdowns.


READ MORE: Burberry signs £300m sustainability loan as part of its ‘climate postive’ pledge by 2040


Burberry chair Gerry Murphy said growth in full-price sales had accelerated from the second quarter, reflecting a higher quality business.

“Despite the ongoing challenges of the external environment, we are confident of finishing the year strongly and providing an excellent platform on which to build when our new chief executive Jonathan Akeroyd joins in April,” he said.

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