BRBY17 Jan 2012 08:19
Third Quarter Trading Update
and Interim Management Statement
Burberry Group plc, the global luxury company, today reports on trading for the three months to 31 December 2011.
Highlights
· Total revenue of £574m, up 21% underlying
· Retail revenue of £417m, up 23% underlying
- Comparable store sales growth of 13%
- Flagship markets including London, Paris, Beijing and Hong Kong outperformed
- Core outerwear and large leather goods again drove half of growth
- Knitwear, men's accessories and tailoring, fragrance and watches grew strongly
· Wholesale revenue of £130m, up 15% underlying
- Q3 deliveries benefited from improved supply chain and monthly flow of product
- Mid single-digit percentage underlying wholesale revenue growth still expected in H2 as brand rationalisation continues
· Licensing revenue of £27m, up 12% underlying
- Driven by success of Burberry Body fragrance launch
· Further strategic and operational progress
- Six mainline stores opened including Paris and São Paulo
- Extended luxury leadership position in social media, with over 10m Facebook fans and 10m views on YouTube