Burberry 2018 interim results
Revenue £1,263m, +4% underlying, +9% reported
- Growth led by retail comparable store sales +4% (Q1: +4%; Q2 +5%) with strength in Asia Pacific as some markets improved in the second quarter
Adjusted operating profit £185m, +17% underlying, +28% reported
- Benefiting from phasing of costs between halves and a significant improvement in the profitability of Beauty year-on-year
Reported operating profit £127m, + 24% reported after adjusting items principally relating to restructuring and the transition of Beauty to Coty
Adjusted diluted EPS 32.3p, +32% supported by the repurchase of 15m shares in the last twelve months. Diluted reported EPS 21.4p, +32%
Free cash flow of £171m (H1 2017: £75m). Net cash of £654m at September 2017 reflecting £123m of dividend and £191m of share buyback. £350m share buyback to be completed in FY 2018
Interim dividend up 5% to 11.0p (H1 2017: 10.5p)
