January trading update was very good,helped by opening new stores in Australia(Melbourne) and Malaysia (Kuala Lupa) plus stores in Hong Kong and Singapore. Trading update due again on April 14th,price is looking fairly good now, and i would expect April's update to increase the price again. As always dyor.

First Quarter Trading update and IMS
RNS
RNS Number : 3762H
Burberry Group PLC
11 July 2012



11 July 2012

Burberry Group plc



First Quarter Trading Update

and Interim Management Statement





Highlights



· Total revenue £408m, up 11% underlying



· Retail revenue £280m, up 14% underlying

- 6% comparable store sales growth

- Led by UK, France, Germany and Greater China



· Wholesale revenue £102m, up 9% underlying

- Benefiting from earlier deliveries

- Consistent with mid single-digit % underlying growth expected in H1

o Including planned rationalisation in US and Europe



· Licensing revenue £26m, down 5% underlying

- Q1 impacted by phasing of licence terminations

- Full year still expected to be broadly unchanged year-on-year



· Further strategic and operational progress

- Continued elevation of core outerwear and large leather goods

- Strong growth in men's tailoring and accessories

- Six mainline stores opened

o Including fourth store in Brazil and Russell Street in Hong Kong

- Investment in flagship markets continues

o Key openings later this year in London, Milan, Chicago, Hong Kong and Shanghai





Angela Ahrendts, Chief Executive Officer, commented:



"With continued brand momentum, Burberry has delivered a robust first quarter. Revenue was up 11% against a more challenging external environment. Sales in retail, now about 70% of the business, increased by 14%, with initiatives to elevate brand equity balanced by improved store productivity and new space.



Building on our balanced business model and strong operational foundation, we continue to invest in our retail, digital and marketing strategies to drive long-term sustainable growth, while remaining responsive to the changing external environment."



Underlying change is calculated at constant exchange rates. Certain financial data within this announcement have been rounded.



Revenue by channel of distribution





Three months to 30 June


% change

£ million
2012
2011


reported FX
underlying

Retail
280
245


14
14

Wholesale
102
95


8
9

Licensing
26
27


(2)
(5)

Total revenue
408
367


11
11






Retail/wholesale revenue by region





Three months to 30 June


% change

£ million
2012
2011


reported

FX
underlying

Asia Pacific
146
121


20
18

Europe
118
107


10
16

Americas*
91
88


4
2

Rest of World
27
24


9
9

Total
382
340


12
12


* Americas revenue growth impacted by planned rationalisation of wholesale distribution





Retail
Retail sales in the first quarter increased by 14% at constant and reported FX. Within this, comparable store sales growth was 6%, with the balance from new space.



In mainline, there was a further increase in average selling prices, driven by product innovation, a higher penetration of Burberry Prorsum and London and rationalisation of opening price point products in core outerwear and accessories. Men's tailoring and non-apparel again performed strongly, as did new merchandising strategies in soft accessories.



Within the comparable store sales growth, there was strong mainline growth in the UK, France, Germany and Greater China, while Italy and Korea remained weaker markets. Mainland China delivered double-digit comparable growth, with particular strength in Beijing. Two large flagships in London and Chicago are due to reopen later this year.



During the first quarter, Burberry opened six mainline stores including the fourth store in Brazil (JK Iguatemi mall in São Paulo) and Russell Street in Hong Kong, and closed two. In the year to 31 March 2013, a 12-14% increase in average retail selling space is planned, with a shift from smaller to larger format stores.



Wholesale
Wholesale revenue in the first quarter increased by 9% on an underlying basis (up 8% at reported FX), with some re-phasing of deliveries, mainly in Europe, into the first quarter from the second quarter.



This performance is consistent with guidance of a mid single-digit percentage increase in underlying wholesale revenue for the six months to 30 September 2012. Further rationalisation of the brand's distribution in both Europe and the United States is planned in this period. Double-digit percentage growth is expected in key US department store doors and Emerging Markets franchise partners.



Licensing
Total licensing revenue in the first quarter decreased by 5% on an underlying basis (down 2% at reported FX). Global product licences again delivered double-digit growth. Japanese apparel royalty income was broadly unchanged while Japanese non-apparel income was down, largely reflecting the termination of certain licences in June 2011. In the year to 31 March 2013, Burberry continues to expect licensing revenue at constant and reported exchange rates to be broadly unchanged year-on-year.



Discussions continue between Burberry and Interparfums regarding the potential establishment of a new operating model for the Burberry fragrance and beauty business.



Financial position

Except for the trading activities described above, there has been no significant change to the financial position of the company.

a thumping clunk today

..Burberry continues expansion as menswear boosts sales

By Andrew Trotman | Telegraph
Burberry has continued its aggressive expansion plan as men's clothing and price rises boosted sales.

The fashion retailer, famous for its red, black and camel-coloured check design, opened six large stores in the "challenging" three months to June 30, as it looks to tourists and wealthy residents in major cities to drive profits.

In a trading update , Burberry revealed that total revenues rose to £408m in the quarter from £367m in the same period the year before.

Retail sales - which make up the majority of the group's revenues - grew to £280m from £245m, helped by the strong performance of its menswear range. Non-clothing items also sold well.

Burberry said there was a "further increase in average selling prices, driven by product innovation".

"With continued brand momentum, Burberry has delivered a robust first quarter," said Angela Ahrendts, chief executive. "Revenue was up 11pc against a more challenging external environment. Sales in retail, now about 70pc of the business, increased by 14pc, with initiatives to elevate brand equity balanced by improved store productivity and new space."

With Ms Ahrendts previously stating that she is focusing on "25 Londons" around the world, Burberry's success in global major cities was apparent. Double-digit growth in China led strong performances in the UK, France and Germany. However, growth in Italy and Korea remained weaker.

Six (SNP: ^SIXY - news) new large stores began trading in the quarter, including the company's fourth store in Brazil and Russell Street in Hong Kong. Burberry closed two shops, leaving the company with 196 retail outlets.

Ms Ahrendts is planning a 12pc to 14pc increase in retail space in the financial year, "with a shift from smaller to larger format stores". Two large flagship stores in London and Chicago are due to reopen later this year.

Underlying wholesale revenue in the quarter rose 9pc. Total (Other OTC: TTFNF.PK - news) underlying licensing sales - when it allows third parties to use its branding and designs to make their own products - fell 5pc, as Japanese non-clothing income dropped. In April, Burberry insisted its Japanese licence holder stop selling socks covered in the distinctive beige and red check.

Burberry shares fell 5.4pc to £12.15 in early trading

i suspect the sell-off was overdone ..... may take a peek tomorrow

This stock has amazed me, along with asos.

it's not a stock i have ever really followed, though i know the top end has generally fared much better than high street ...... if i buy, it will be as a view to trade

Dont get your fingers burnt. :-)) To risky for me.

Another retailer impressing with a new opening is Burberry (LON:BRBY) after its new flagship Regent Street store wowed Seymour Pierce analysts.

“Management has raised the bar yet again, we believe, reinforcing its position at the leading edge of retail and fashion,” said the broker’s retail analyst Kate Calvert.

She reiterated her ‘buy’ rating and 1,700 pence target price for the luxury fashion brand.

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."

Wednesday November 7 =

• Luxury fashion brand Burberry appears to have steadied the ship after its shock profits warning in September. Interim results this week should prove that, with investors keen to hear from chief executive Angela Ahrendts on the economic outlook for China, the UK, and US.

Burberry third-quarter revenue up 9 percent

LONDON | Tue Jan 15, 2013 7:13am GMT

(Reuters) - British luxury brand Burberry posted a 9 percent rise in third-quarter underlying revenue as its wealthiest shoppers continued to spend even though some of its more aspirational consumers were impacted by faltering economies.

The 157-year-old seller of raincoats and leather goods, known for its camel, red and black check pattern, said on Tuesday it made 613 million pounds of revenues in the three months to December 31.

That compared with analysts' average forecast of 602 million pounds, according to a company poll, and 574 million pounds in the same period last year.

Full year profits from Burberry fell 10%, at the bottom of analysts' range of estimates, as the fahion retailer announced £100m of cost savings to help it cope with the "challenging" environment. Chief creative and chief executive officer Christopher Bailey said: "We continue to see significant opportunities ahead of us and have put ambitious plans in place to increase future revenue, enhance productivity and create a more efficient organisation."

Good bounce this morn, something afoot?