Burberry's first quarter trading well-received but CEO 'mindful' of more work to do in overhaul
Burberry's first quarter sales beat analysts' expectations, boosted by increased spending by Chinese consumers and a strong performance in the UK
Company
LON:BRBY
Burberry Group designs, sources, manufactures and distributes luxury mens, womens and childrenswear and non-apparel accessories globally through its own retail stores, concessions and wholesale customers. Burberry also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company's non–apparel offerings include handbags, soft accessories, such as scarves, small leather goods, shoes, belts and jewellery.
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Burberry's first quarter sales beat analysts' expectations, boosted by increased spending by Chinese consumers and a strong performance in the UK
The luxury fashion has retailer shrugged off a slowdown in the US luxury fashion market to achieve first quarter revenue growth
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