Burberry confident after strong third quarter

19th Jan 2010 07:25

Luxury fashion label Burberry expects profits for the full year to be at the top end of expectations after seeing strong sales in the last three months of 2009.Total sales during the quarter were up by 12% to £380m. The retail arm saw sales climb by 16%, or 10% on a like-for-like basis, helped by strong sales of outerwear and non-apparel items.Wholesale revenues were up by 5%.'Burberry has delivered a strong performance in both retail and wholesale, as customers around the world responded positively to our collections, marketing and service initiatives,' said chief executive Angela Ahrendts.'As a result, we currently expect adjusted profit before tax for this financial year to be towards the top end of market expectations. 'While continuing to plan cautiously for 2010/11, we are confident that our strategies by product, region and channel - underpinned by operational efficiencies - will drive profitable growth.'