Burberry Group Q3 Comp. Sales Down 3%

Burberry Group (BRBY.L) reported retail revenue of 723 million pounds for the 13 weeks ended 25 December 2021 compared to 688 million pounds, last year. Total comparable store sales fell 3% impacted by planned exit of markdown across mainline and digital.

The Group expects current year adjusted operating profit to grow in the region of 35% at CER. The Group maintained its medium-term guidance for high single-digit top line growth and meaningful margin accretion at CER.

"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," said Gerry Murphy, Chair.

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