Why Burberry (BURBY) Stock Was Higher Today

NEW YORK (TheStreet) -- Shares of Burberry Group plc   (BURBY) were up 2.83% to $49.27 today.

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.

 BURBY Chart

BURBY data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers