Burberry's profit after tax tripled to 145 million pounds in the first six months of fiscal 2021-22, following an 38 percent uptick in revenue growth.
is joining as our new CEO in April to build on the strong foundations to accelerate growth and deliver further value for our shareholders,” he said.
The company also noted that retail store sales were up 37 percent compared with 2020, and 1 percent compared with 2019. Full-price retail store sales were up 18 percent compared with 2019, reflecting theto halt discounting, shrink seasonal sales and markdown periods. Burberry added that the Americas, mainland China and South Korea delivered strong double-digit growth compared with 2019, while other regions remained under pressure from reduced tourist levels.
Leather goods saw double-digit growth in full-price comparable sales compared with 2019, with outerwear sales strengthened in the period. The company said itsBurberry said it has 15 stores in the new format, which debuted over the summer in Knightsbridge, London, with around 50 new concept stores planned globally by the end of the current fiscal year.
The company said that digital has also been performing well, with full-price sales almost doubling compared with 2019. The interim dividend has been reinstated at 11.6 pence, 3 percent ahead of fiscal 2019-20 levels.
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