Burberry quarterly revenue up 17% driven by demand in China and Japan

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Today, the British manufacturer of premium clothing and accessories Burberry informedthat in the first quarter of fiscal year 2024 ended July 1, the company’s retail revenue was £589 million, up 17% from a year earlier. The company said that the largest growth was recorded in China (+46%), Japan (+44%) and Southeast Asia (+39%). Sales in the EMEIA region (Europe, Middle East, India and Africa) grew by 17%, while sales in the Americas decreased by 8%.

Burberry CEO Jonathan Akeroyd noted the company’s “good progress” thanks in large part to a recovery in demand in China. Among the Burberry products that were in particularly high demand last quarter were specified outerwear, including traditional raincoats, as well as leather goods.

Evgeniy Khvostik

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Burberry quarterly revenue up 17% driven by demand in China and Japan

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