Sunday July 12, 2020

Burberry reports dip in sales for first quarter

17th July, 2016
Burberry could benefit from weaker Sterling

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.”

Burberry statement

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