Burberry chief executive Rose Marie Bravo said: 'In the context of a highly promotional environment, Burberry held its course and delivered a solid result for the quarter. With favourable initial consumer response to the spring product and an exciting advertising campaign, Burberry is well positioned as we enter the season.'
In December, the retailer rubber-stamped a strategy to buy back shares from parent-company GUS. Shareholders voted almost unanimously to support the strategy of buying back£250 million of shares, which was announced on November 16.
Burberry operates about 145 retail sites, mainly in the US and Asia Pacific regions, as well as the UK and Europe.