Tuesday, 17 January 2012

Burberry third-quarter revenues jump 22 percent (Reuters)

LONDON (Reuters) ? British luxury brand Burberry (BRBY.L) posted a 22 percent rise in third-quarter revenue as wealthy shoppers and tourists, particularly in Asia, showed their resilience to shaky economies in Europe and the United States.

The 156-year-old seller of raincoats and leather goods, known for its camel, red and black pattern, said Tuesday it made 574 million pounds ($880 million) of revenues in the three months to December 31.

That compared with an average forecast of 569 million pounds in a Reuters poll, and with first-half growth of 29 percent. ($1 = 0.6524 pound)

(Reporting by Mark Potter; Editing by Dan Lalor)

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/nm/20120117/bs_nm/us_burberry

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