Burberry (BRBY:LSE) has seen revenue recovery continue in the past quarter and outlook maintained for the entire fiscal year. This was revealed on Friday by preliminary annual figures from the British fashion company.
Sales increased by 90 percent over the period up to 26 June to GBP 479 million on a similar basis.
For the wholesale branch BRBY:LSE, the company expects a 60 percent annual revenue increase due to a stronger order book and currency advantage in the first half of the year.
BRBY Group turnover is still based on a high single percentage growth in turnover over the medium term and a ‘meaningful’ margin rise.