The British luxury retailer said strong sales in China and South Korea helped second half revenue increase by 19% to $2.17 billion, ahead of analyst expectations.
Its FY 2015 outlook includes continued real estate investment, further elevation and evolution of wholesale and licensing distribution, and strong growth in beauty following a year of transition.
At current exchange rates, the company said it expects a "material adverse impact on reported profit."
Earlier today, Burberry's stock had its "buy" rating restated by research analysts at Aurel BGC.Must Read: Warren Buffett's 10 Favorite Growth Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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