
Burberry Sales and Profit Beat Estimates
British luxury brand Burberry reported second-quarter sales and profit above market estimates. Comparable retail sales grew 4 percent, driven by strong demand in the US and China.
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BURBERRY GROUP PLC posted second-quarter retail sales growth of 4% and an adjusted operating profit of £62 million ($82.19 million), beating market forecasts. The British luxury brand's share price rose over 9% in early trade on Thursday following the announcement. The performance bucks a broader luxury downturn that has weighed on larger competitors like LVMH MOET HENNESSY LOUIS VUITTON and KERING.










