Burberry saw sales rise double-digits in its first-half

Burberry saw sales rise double-digits in its first-half

Fashion business Burberry saw first-half revenues top GBP1.1bn (US$1,7bn), up 14% on an underlying basis, thanks to strong performances across all regions and continued digital growth.

Retail revenues rose 15% on an underlying basis to GBP748m in the six months to 30 September, with comparable sales growth of 10%, thanks to double-digit comps increases in Asia Pacific and the Americas, and a mid-single-digit comps rise in EMEIA.

Burberry said the key growth drivers had been rainwear, its women’s Prorsum lines, leather bags and men’s tailoring.

Meanwhile, wholesale revenues were up 13% underlying to GBP317m, and licensing revenue was GBP35m, down 3% but consistent with the company’s full-year guidance.

Christopher Bailey, Burberry CEO and chief creative officer, hailed the period as a “strong first half” and added: “Looking ahead, while mindful of the more difficult external environment, we have never been better prepared internally for the all-important festive periods, with our teams intensely focused on delivering outstanding products and experiences, alongside continued investment to drive productivity and profitable growth over the long term.”