Burberry Group PLC Second Quarter Retail Sales (9418L)
September 11 2012 - 2:00AM
UK Regulatory
TIDMBRBY
RNS Number : 9418L
Burberry Group PLC
11 September 2012
11 September 2012
Burberry Group plc
Second Quarter Retail Sales
In advance of an active investor relations programme during the
rest of September, and given a more challenging external
environment for the sector, Burberry today announces retail sales
for the second quarter to date.
Against strong comparatives last year, retail sales growth at
constant exchange rates was 6% in the 10 weeks to 8 September 2012.
Of this, new space contributed 6% while comparable store sales were
unchanged year-on-year, with a deceleration in recent weeks. Ahead
of the key retail trading period in the second half, Burberry
currently expects adjusted profit before tax for the twelve months
to 31 March 2013 to be around the lower end of market
expectations.
Angela Ahrendts, Chief Executive Officer, commented:
"As we stated in July, the external environment is becoming more
challenging. In this context, second quarter retail sales growth
has slowed against historically high comparatives. Given this
background, we are tightly managing discretionary costs and taking
appropriate actions to protect short term profitability, while
continuing to execute on our proven five key strategies."
Enquiries
Burberry 020 3367 3524
Stacey Cartwright EVP, Chief Financial Officer
Jenna Littler VP, PR and Corporate Relations
Fay Dodds Director of Investor Relations
Brunswick 020 7404 5959
Nick Claydon
Laura Cummings
Burberry will release its First Half Trading Update for the six
months to 30 September on 11 October 2012. It will announce its
Interim Results for the six months to 30 September 2012 on 7
November 2012.
Certain statements made in this announcement are forward-looking
statements. Such statements are based on current expectations and
are subject to a number of risks and uncertainties that could cause
actual results to differ materially from any expected future
results in forward-looking statements. Burberry Group plc
undertakes no obligation to update these forward-looking statements
and will not publicly release any revisions it may make to these
forward-looking statements that may result from events or
circumstances arising after the date of this document. All persons,
wherever located, should consult any additional disclosures that
Burberry Group plc may make in any regulatory announcements or
documents which it publishes. All persons, wherever located, should
take note of these disclosures. This announcement does not
constitute an invitation to underwrite, subscribe for or otherwise
acquire or dispose of any Burberry Group plc shares, in the UK, or
in the US, or under the US Securities Act 1933 or in any other
jurisdiction.
Notes to editors
-- Burberry is a global luxury brand with a distinctive British
heritage, core outerwear and large leather goods base and some of
the most recognised icons in the world.
-- Burberry designs and sources apparel and accessories, selling
through a diversified network of retail (including digital),
wholesale and licensing channels worldwide.
-- Burberry has five strategic themes to underpin its growth:
leverage the franchise; intensify non-apparel; accelerate
retail-led growth; invest in under-penetrated markets; and pursue
operational excellence.
-- At 30 June 2012, Burberry globally had 196 retail stores, 207
concessions, 48 outlets and 58 franchise stores.
-- Burberry, which is headquartered in London, was founded in
1856. It is listed on the London Stock Exchange (BRBY.L) and is a
constituent of the FTSE 100 index.
-- BURBERRY, the Equestrian Knight Device and the Burberry Check
are trademarks belonging to Burberry which are registered and
enforced worldwide.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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