Burberry Group PLC same-store sales rise only slightly due to China COVID issues


Burberry Group PLC said Friday that comparable sales increased only slightly in the first quarter of fiscal 2023 as they took a significant hit from the effects of Covid-19 restrictions in China.

The British luxury-goods company UK:BRBY said comparable sales rose 1% in the three months ended July 2, with retail revenue increasing to 505 million pounds ($597.2 million) from GBP479 million for the year-earlier period.


This article was originally published by Marketwatch.com. Read the original article here.

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