Burberry returns to profit as sales rise 6% in tough luxury market
Briefing by News4U · First published
Burberry reported a pre-tax profit of £19m for the six months to 26 September after a £48m loss a year earlier, as sales rose 6% to £1.1bn, helped by 15% growth in China and 14% in the Americas, while sales fell 1% in Europe and the Middle East partly due to the Iran war. [1] [2] [3]
Sources
- Burberry’s Shares Jump After Sales Defy Tough Luxury Backdrop
WSJ Business · · Summary only
- Burberry returns to profit as sales soar, from £85 socks to £9,000 bags
The Guardian Business · · Full text
- Burberry's entry-level luxury lures new buyers
RTÉ Business · · Full text