MADRID, 14 Jul. (EUROPA PRESS) –
The British textile firm Burberry has registered a growth of 17% in its retail sales between April and June, the first fiscal quarter for the company, up to 589 million pounds sterling (688 million euros), thanks to the boost in demand in China and Japan.
Comparable sales at Burberry stores experienced an 18% year-on-year increase in the textile firm’s first fiscal quarter. Excluding the impact of China, the year-on-year increase was 11%.
On its side, Burberry’s comparable sales in the EMEIA region (Europe, the Middle East, India and Africa) increased by 17%, while in the Americas they fell by 8%.
“We’ve made good progress in the quarter, delivering just under 20% like-for-like revenue growth led by the ongoing recovery in China,” said Burberry CEO Jonathan Akeroyd.
“While we are aware of the uncertain macroeconomic environment, we are confident that we will meet our guidance for fiscal year 24 and in the medium term,” he added.
Based on prevailing exchange rates, the company anticipates a headwind for its revenue of £150 million (175 million euros) related to currency and about £70 million (82 million euros) for its adjusted operating profit.
