BURBERRY has delivered “blockbuster” figures – after demand for products such as “man bags” and children’s trench coats helped it smash sales forecasts.
Shares closed up 94p or almost 6.5% at £15.31 – a new high – after the 155-year-old firm said retail sales rose by 49% in the three months to June 30 – with half of the growth coming from leather bags.
Burberry said new ranges in men’s accessories, men’s tailoring, shoes and children’s wear also boosted its wholesale division.
The group, which in March revealed it sold out of one style of ladies’ trench coat the day after the Duchess of Cambridge wore it, lifted total sales by 34% to £367m over the three months.
Analysts had forecast a 24% increase.