Burberry ups capex to expand retail space

Iconic British luxury brand Burberry reported solid and balanced growth in the year ended March 31st, with profits coming in marginally ahead of expectations.

Iconic British luxury brand Burberry reported solid and balanced growth in the year ended March 31st, with profits coming in marginally ahead of expectations.

Adjusted profit before tax (which excludes restructuring costs and other items) increased by 26% from £298m to £376m, slightly ahead of consensus forecasts of £374.7m. Meanwhile, the retail/wholesale operating margin improved by 80 basis points to 16.4%.

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