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Luxury Fashion brand Burberry said it expected to deliver increased annual profit after reporting a rise in revenue in the third quarter of the year, led by an ongoing increase in full-price sales.
For the 13 weeks ended 25 December, retail revenue rose 5% to £723 million as full-price comparable store sales were up 26%, driven by ongoing strength in the Americas and a material improvement in Asia Pacific and EMEIA.
Comparable store sales were down 3% on a like-for-like basis following the 'planned exit of markdown,' the company said.
Looking ahead, the company expected current year adjusted operating profit to grow in the region of 35% at constant currency, compared with the prior year.
In addition, the currency headwind was now expected to be £79 million, down from a prior estate of £100 million on revenue and £27 million, down from £40 million on adjusted operating profit.