Luxury goods brand Burberry said it looks set to meet full-year forecasts as it reported a 12% first-quarter revenue increase.

Retail sales of GBP135m (US$249.04m) reflected "the continued momentum of Burberry's retail operations" in key product categories as well as geographical areas, said CEO Angela Ahrendts.

While underlying retail sales grew 19%, driven by new and existing stores, wholesale revenues were up 2% and licensing revenue grew 11%.

"As a whole, performance in this period is consistent with expectations for the full financial year," Ahrendts said.

In the US, new and refurbished stores - helped by gains at existing locations - drove sales growth. Most Continental European markets achieved strong gains, with ongoing momentum at existing stores.

UK existing stores, which have previously suffered as the brand became linked with the so-called 'chav' underclass, reported a double-digit increase in the period. Asia enjoyed more underlying strength, meanwhile.

The brand hopes to increase its market presence within the US, and is looking at possible locations including Kansas, Indiana and Ohio.