Burberry's LFL sales growth slows to 1pc in Q2

Burberry, the luxury fashion chain which issued a profit warning last month, confirmed like-for-like (LFL) sales growth in its stores slowed dramatically in the July-September quarter.

Burberry, the luxury fashion chain which issued a profit warning last month, confirmed like-for-like (LFL) sales growth in its stores slowed dramatically in the July-September quarter.

Total revenue in the six months to the end of September was up 8% year-on-year to £883m,

Retail revenue was up by an underlying 10% over the half year period to £577m. LFL sales were up 3%, but much of the heavy lifting was done in the first quarter, when LFL sales were up 6%, while in the second quarter LFL sales growth eased to 1%.

More to follow ...

JH

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