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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.