Published by Global Banking & Finance Review®
Posted on January 24, 2025
1 min readLast updated: January 27, 2026
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Burberry shares rose 13% after Q3 sales outperformed expectations, with a smaller than anticipated decline in comparable store sales.
LONDON (Reuters) - Shares in British luxury retailer Burberry soared by more than 13% in opening trade on Friday after its third-quarter sales fell by less than forecast.
Comparable store sales fell 4% versus an expected a decline of 12% for the company's third quarter, which runs to Dec. 28.
Shares were up over 13% on Friday at 12.11 pounds, having more than doubled since September last year.
(Reporting by Samuel Indyk; Editing by Amanda Cooper)
Shares in Burberry rose by more than 13% in opening trade.
Comparable store sales fell 4%, which was better than the expected decline of 12%.
After the increase, Burberry shares were priced at 12.11 pounds.
Burberry's shares have more than doubled since September of the previous year.
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