LONDON — A 22.4 percent spike in second-half revenue allowed Burberry to breeze past its revenue target for the year ended March 31.
In a statement Tuesday, the firm said that second-half revenues jumped ahead to $502.4 million from $411 million in the last six months of the prior year. This would place full-year sales at $932.1 million, 18.9 percent of last year’s $783.4 million and nearly $40 million past the goal of $894.9 million established internally, although never released by the company, at the time of its initial public offering last summer. Dollar figures have been converted from the pound at current exchange rates.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)