Burberry Group plc (BRBY.L) said Tuesday that it now expects adjusted profit before tax for the financial year to be towards the top end of market expectations, after reporting third-quarter sales of £380 million, up 12% on an underlying basis and up 15% on a reported basis from last year.
Retail sales for the quarter increased by 16% on an underlying basis, of which new space contributed 6%. Wholesale revenue grew 5% on an underlying basis, while total licensing revenue in the third quarter fell by 3% on an underlying basis, impacted by timing differences of royalty receipts.
Angela Ahrendts, Chief Executive Officer, said, " While continuing to plan cautiously for 2010/11, we are confident that our strategies by product, region and channel - underpinned by operational efficiencies - will drive profitable growth."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.