- July 13, 2023
- Posted by: legaleseblogger
- Category: Related News
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Burberry, the luxury British retailer, has reported a significant increase in sales revenue, with a rise of 18% for the quarter ending July 1. This comes as a positive start to the earnings season. Sales in Europe, the Middle East, India, and Africa also saw growth, with an increase of 17%. However, the most notable successes were seen in Asia, particularly in mainland China, where sales rose by 46%. Sales in the Americas, however, declined by 8%. To further support their positive results, Burberry has reiterated its full-year guidance and announced a £400 million share buyback to be completed by the end of the calendar year.
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