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Burberry to reveal record profits

Apparel

Burberry to reveal record profits

By

Jan 17, 2011

Burberry is expected to reveal a double-digit increase in revenue when it updates the

market on third quarter trading on Tuesday.


Analysts expect the London fashion house to post third quarter revenues, excluding Spanish operations, of £434m – up from £380m in the same period the previous year. As the wealthy regain the confidence to spend and customers in emerging markets develop a taste for luxury goods, Burberry has seen sales and profits spike over the past year. Many other luxury goods houses have seen similar increases.