Progress for Burberry regardless of difficult exterior setting | Nationwide Enterprise Information

Luxurious trend model Burberry has grown income in its full-year outcomes regardless of a “persevering with difficult exterior setting”.

The listed firm reported income of £2.83bn for the 53 weeks ended 2 April 2022, up from £2.34 within the equal interval of final 12 months, which coated the 52 weeks to 27 March 2021.

Adjusted working revenue additionally elevated to £523m from £396m the earlier 12 months.

Burberry mentioned income progress had been achieved “regardless of a unbroken difficult exterior setting”.

It added that there had been an “wonderful response” to its first in-person runway present in two years.

Within the fourth quarter, comparable retailer gross sales grew by 7 per cent, regardless of Covid-19 lockdowns in Mainland China weighing on efficiency in March.

Jonathan Akeroyd, who grew to become chief govt of Burberry on 1 April, mentioned: “Burberry is a singular British firm with a unprecedented historical past and heritage and it’s a privilege to take the reins on this subsequent part.

“The corporate has made nice progress over the past 5 years to raise the model, product and buyer expertise into the luxurious area. I stay up for setting out my plans for constructing on these sturdy foundations and accelerating progress on the interim leads to November.”

Burberry has manufacturing operations in Castleford and Keighley, in addition to a shared companies centre in Leeds.

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