LONDON (Reuters) -British luxury brand Burberry said quarterly comparable store sales rose 11%, significantly faster than its prior quarter and beating a company supplied consensus of 8% growth.
The quarterly performance lifted first-half revenue to 1.35 billion pounds ($1.61 billion), up 5% in constant exchange rates and just ahead of forecasts, while adjusted operating profit rose 6% to 238 million pounds.
Chief Executive Jonathan Akeroyd presented his plan to drive growth alongside the results, including a target to broadly double sales of leather goods, shoes and women’s ready to wear and grow outerwear by around 50% in the medium term.
($1 = 0.8404 pounds)
(Reporting by Paul Sandle; Editing by Kate Holton)
