British luxury brand Burberry's like-for-like sales growth slowed sharply to 1% in the quarter to end-December as COVID-19-related disruption in mainland China largely offset a stronger performance in Europe.
LONDON, Jan 18 - British luxury brand Burberry's
Analysts were expecting a 2% rise, according to a company-supplied consensus. It had reported growth of 11% for the previous quarter. "Europe in particular continued to perform well, driven by strong trading over the festive period, and leather goods delivered another quarter of double-digit growth globally," Chief Executive Jonathan Akeroyd said on Wednesday.
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