Luxury brand Burberry has reported a jump in sales, as core categories for the brand such as outerwear and leather goods performed well.
The retailer reported an 18% increase in retail revenue for the 13 weeks ending July 1, with international markets performing strongly. Sales were up 17% across Europe, the Middle East, India and Africa; 39% in South Asia Pacific; 49% in Japan; and 6% in Korea.
The company also enjoyed a strong recovery in Mainland China, up 46%, but sales were down 8% in the Americas.
Burberry said outerwear store sales were up 36%, while leather goods comparable store sales were up 13%.
During the period, Burberry also reopened its flagship store on New Bond Street, London.
The retailer maintained its current year guidance of high single-digit revenue, though Burberry said it expected a currency headwind of £150m to revenue and £70m to adjusted operating profit based on foreign exchange rates.
Chief executive Jonathan Akeryod said: “We have made good progress in the quarter delivering high-teens comparable revenue growth led by the ongoing recovery in Mainland China. We saw continued strength in our core outerwear and leather goods categories and are excited about Daniel’s product arriving in stores in September.
“While mindful of the uncertain macroeconomic environment, we are confident of achieving our FY24 and medium-term guidance.”
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