LONDON Jan 15 British luxury brand Burberry
posted a 14 percent rise in underlying retail revenue
in the Christmas quarter, though it cautioned that at current
levels, exchange rates will be a significant headwind in the
balance of its second half.
The 158-year-old seller of raincoats and leather goods,
known for its camel, red and black check pattern, said on
Wednesday it made 528 million pounds ($869.1 million) of retail
revenue in the three months to Dec. 31.
That compared to analyst's average forecast of 520 million
pounds, 464 million pounds in the same period last year and
first half growth of 17 percent.
Comparable store sales growth was 12 percent, compared to 13
percent in the first half.
"The macro environment remains uncertain, but we are
confident that our proven strategies will continue to deliver
long-term value for shareholders," it said, adding that its full
year guidance on retail, wholesale and licensing was unchanged.