Luxury goods maker Burberry PLC is reporting continued strong sales growth running against the tide of economic difficulties in key markets.
Burberry said Wednesday that like-for-like sales – excluding new stores and space – were up 16% in the second quarter ending Sept. 30, compared with a year ago. The company says important markets including New York, London and Paris were among its strongest performers, along with Hong Kong and Dubai.
Burberry said like-for-like sales in China were up about 30%.
Total revenue in the first and second quarters was up 30% to 830 million pounds ($1.3 billion), led by a 44% gain in retail sales. Burberry did not report earnings in the trading update.
