(CercleFinance.com) – Burberry reports that its sales reached £1.34 billion in the six months to October 1, up 5% at constant currency from the same period a year earlier.
Adjusted operating profit came to £238m, up 6% at constant exchange rates, with a margin of 17.7%, up 10 bps.
Under these conditions, adjusted EPS stood at 44.3 pence, compared to 33.5 pence a year earlier, an increase of 32% on a reported basis (or +15% at constant exchange rates)
“We maintain our short-term guidance for fiscal 2024 while being mindful of the challenging macroeconomic environment and its potential impact on sales,” the firm said.
Burberry adds that it has set a new medium-term target, targeting sales of £4 billion at constant exchange rates, with high single-digit growth.
Copyright © 2022 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
