Burberry Group Plc sales rose more than expected at the end of the fiscal year, indicating the turnaround under Chief Executive Joshua Schulman is paying off with a focus on its signature scarves and trench coats.
Like-for-like sales rose 5% in the fourth quarter, the British luxury brand said Thursday, ahead of analyst estimates. Burberry expects this momentum to continue this fiscal year, though it didn’t give a specific sales target and warned geopolitical and economic uncertainty may hurt shopper confidence.