Burberry Q1 Total Revenue Up 11%
Burberry Group PLC (OTC: BURBY) reported an 11% rise in its total revenue for the first quarter ended in June.
Its revenue climbed 11% on an underlying basis to 408 million pounds ($633 million), from 367 million pounds, in the year-earlier period. Its retail sales surged 14% on an underlying basis to 280 million pounds, from 245 million pounds.
Burberry's wholesale sales gained 9% and licensing declined 5%.
Burberry shares closed at $39.60 yesterday.
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