Christmas rush boosts Burberry sales

<p>The Christmas period proved to be a good one for Burberry, which posted higher revenues.</p>

The Christmas period was a prosperous one for Burberry, which witnessed its share price jump on the London Stock Exchange today (January 15th) after it posted revenues of £631 million in the three months to December 31st.

This was something of a coup for the fashion house, as it overshot the £574 million made in the fourth quarter of 2011 and analysts' forecasts of £602 million.

Nevertheless, Burberry has remained realistic and shaved its wholesale revenue guidance for the second half after growth in the US, Asia and the emerging markets were offset by weaker European markets.

Sales in the three months to the new year were driven by scarves, coats, gents' tailoring and accessories, the company stated, while same-store sales grew by six per cent.

At 11:20 GMT, Burberry shares rose by 4.6 per cent to 1386.00p per unit, pulling the FTSE 100 higher to 6111.2 points.

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