Burberry revenue up 13% in Q1

Burberry

Burberry posted a jump in first-quarter revenue, which it said was driven by exceptional performance of its spring/summer collection.

The UK luxury brand said that over the three months to June 30, retail revenue increased 18% on an underlying basis to reach £339 million ($504.7 million). Comparable store sales increased 13% over the quarter.

The company said that the growth was facilitated by its investment in digital, but growth was broad-based by product and region, both offline and online.

“We are pleased with our first quarter retail performance,” said CEO Angela Ahrendts.

“Spring/Summer 2013 was a standout season driven by innovative marketing, cohesive monthly fashion groups and exceptional execution from all corporate and regional teams.

“Looking forward, the macro outlook remains uncertain and we will continue to focus our investment on profitable high growth opportunities by channel, region and product categories.”

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