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

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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.

The…

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

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