Burberry reports dip in sales for first quarter
Luxury retail brand Burberry has reported a 3 per cent dip in like-for-like sales in the first quarter, but indicated that its full year profits could be boosted by weaker sterling.
“In FY 2017, if exchange rates remain at current levels, we expect FY 2017 reported adjusted retail/wholesale profit to benefit by about £90m compared to FY 2016 rates.”
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