Burberry is set for strong sales growth

first_img whatsapp Burberry is set for strong sales growth whatsapp Tags: NULL Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comPuffer fish snaps a selfie with lucky divernypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Share LUXURY goods business Burberry is expected to report double-digit sales growth in its first-half trading update on Wednesday.The performance follows a strong first-quarter trading update and comes after a flurry of takeover speculation has boosted Burberry’s share price 17 per cent in the past month.The consensus forecast for the six months to September 2010 is for 15 per cent sales growth generating total revenues of £633m.JP Morgan Cazenove analysts “expect underlying sales to sustain a strong trend,” producing a slightly stronger 17 per cent underlying sales growth and £643m revenues.Burberry’s 2009 interim results saw profit before tax drop to £78m, from £97m in 2008, on revenues of £572m.One of the UK’s most dynamic fashion houses, Burberry, which has been shortlisted for Company of the Year in CityA.M.’s inaugural awards, saw first-quarter wholesale sales grow 46 per cent on early order shipments, and retail comparable-store sales grow ten per cent.Nomura forecasts first-half revenues of £623m due to more challenging conditions in the second quarter. It expects second-quarter revenues of £341m and raised Burberry’s target price to 960p from 826p. Sunday 10 October 2010 11:36 pm KCS-content last_img read more