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
Angela Ahrendts, Chief Executive Officer, commented:
"Burberry has delivered another strong performance, with a 21% increase in revenue in this important third quarter. Our investment in flagship markets and digital technology has enabled our global teams to continue to drive customer engagement, enhance retail disciplines and improve operational effectiveness, further strengthening brand momentum.
