Burberry shares jump 6% after strong sales report

Burberry Group

Last Updated at 30 Jan 2015, 11:30 ET *Chart shows local time Burberry Group intraday chart
price change %
1729.00 p -
-36.00
-
-2.04

Related Stories

Burberry shares closed up 6% at £1215 after quarterly sales results easily beat expectations.

Underlying sales at the luxury clothes retailer were up 33% in the last three months of its financial year compared with a year earlier, the firm said.

Sales in the Asia Pacific region played a big part in the strong showing, led by Hong Kong and Taiwan, it added.

Burberry said full-year profits, which have yet to be announced, would come in at the top end of market expectations.

Prior to the announcement, analysts were predicting a full-year profit of up to £290m ($178m).

However, this was before the fashion company revealed a fourth-quarter revenue figure of £390m that easily beat an expected £357m.

The firm plans a 12-13% increase in average retail selling space in the coming year, with a bias towards China, Latin America and the Middle East.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features & Analysis

  • Baby in boxStrange case

    The remarkable appeal of the Finnish baby boxes


  • WW1 gas mask being demonstratedTrench terror

    Did the soldiers of WW1 have an irrational fear of poison gas?


  • Mitt Romney, speaks at the podium as he concedes the presidency during Mitt Romney's campaign election night event at the Boston Convention 7 November 2012Aura of a loser?

    Mitt Romney looked presidential but could never pull it off


  • A woman holds up a feminist sign.PC virus

    Is liberal speech policing out of control?


Elsewhere on the BBC

  • ReadingBest books

    BBC Culture takes a look at ten books you should read in February

Programmes

  • A car being driven by Cruise Automation technologyClick Watch

    The tech which could allow any car with an automatic gearbox to become self-driving

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.