De­mand helps Burberry post higher rev­enue

China Daily (Canada) - - FRONT PAGE -

Burberry Group Plc, the largest lux­ury-goods maker in the United King­dom, re­ported quar­terly sales that beat es­ti­mates, buoyed by strong de­mand for trench coats and cash­mere scarves in the Amer­i­cas. Re­tail rev­enue in the three months ended Dec 31 rose 14 per­cent to 604 mil­lion pounds ($916 mil­lion), London-based Burberry said onWed­nes­day in a state­ment. An­a­lysts pre­dicted 579 mil­lion pounds, ac­cord­ing to the me­dian of 16 es­ti­mates com­piled by Bloomberg. Com­pa­ra­ble sales climbed 8 per­cent. Com­pa­ra­ble sales grew by a dou­ble-digit per­cent­age in the Amer­i­cas, com­pen­sat­ing for dis­rup­tion in­Hong Kong.

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