Burberry lifts FY guidance as trading rebounds

Luxury goods brand Burberry on Friday lifted full-year guidance after reporting a “strong rebound” in trading since December.
In an unscheduled trading update, Burberry said fourth quarter comparable retail sales were now expected to be 28% – 32% higher year on year. Group revenue was forecast to fall by 10% – 11% and adjusted operating margin in a range of 15.5% – 16.5%.