After the profit warning of last September and the consequent stock market crash, Burberry reassures investors and the stock is flying again, earning 8,18%. Indeed, the British luxury house has released encouraging figures for the first half of the year, with revenues up 2011% on 8 to 883 million pounds, retail revenues up 10% to 577 million and wholesale revenues up +5 % to 253 million.
Compared to the first quarter, a year that had marked several historic records for the brand, there is a rather clear slowdown, but the CEO Angela Ahrendts minimizes: “The number of visitors to the stores has decreased, but the momentum of the brand has remained solid".
At the same time Burberry also announced its intention to return to directly manage the goods sector scents, starting from the expiry of the agreement with Interparfums on April 2013st XNUMX.
The comment by is positive Goldman Sachs on Burberry data: “The fact that retail sales growth has not further deteriorated since the profit warning it's reassuring".
