BURBERRY REPORTS FULL-PRICE SALES GROWTH

The chair of Burberry said that he is confident of "finishing the year strongly" after reporting growth in full-price sales.

According to a trading update for the 13 weeks to 25 December 2021, full-price comparable store sales increased by 26 per cent against Q3 FY20, and 15 per cent compared to last year.

Comparable store sales were down by three per cent on a two-year basis but up by seven per cent on the prior year.

Chair Gerry Murphy said: "Full-price sales continued to grow at a double-digit percentage compared with two years ago, accelerating from the previous quarter and reflecting a higher quality business.

"Our focus categories outerwear and leather goods performed strongly as we continued to attract new, younger consumers to the brand.

"Despite the ongoing challenges of the external environment, we are confident of finishing the year strongly and providing an excellent platform on which to build when our new CEO Jonathan Akeroyd joins in April."

Burberry has manufacturing operations in Castleford and Keighley, as well as a shared services centre in Leeds.

Source: Burberry reports full-price sales growth | Yorkshire Business News | Insider Media