Burberry sees slowdown in third quarter

published 17 January 2012

Iconic British luxury brand Burberry has reported a 21% underlying growth in total revenue in the three months to December 31st (fiscal third quarter), a significant slowdown from the 30% underlying growth seen in the first half.

Revenues totalled £574m in the period, up from £480m in the third quarter the year before. Average retail selling space increased by 13% in the period; this is expected to be maintained in the second half.

More to follow...