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.

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