First half highlights
Total revenue £883m, up 8% underlying
Retail revenue £577m, up 10% underlying
Wholesale revenue £253m, up 5% underlying
Licensing revenue £53m, down 5% underlying
Ongoing investment in retail
Angela Ahrendts, Chief Executive Officer, commented:
“Against record prior year comparatives, Burberry delivered 8% total revenue growth and 10% retail growth in the first half, albeit slowing in the second quarter. In a more challenging external environment, footfall declined but brand momentum remained strong, particularly with our higher spending luxury consumer.
Our highly experienced team remains very focused on the consistent execution of our key strategies, engaging consumers through innovative retail and digital marketing initiatives as we enter the most important quarter of the year. We continue to invest for long term growth in flagship and emerging markets, while tightly controlling discretionary spend."
Burberry Group plc
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