Burberry to reveal record profits
Jan 17, 2011
Burberry is expected to reveal a double-digit increase in revenue when it updates themarket 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.