British luxury fashion house Burberry reports FY21 sales of £2.3 bn

Fashion

04 Jun `21

2 min read

Burberry Group, a British luxury fashion house, has reported 11 per cent revenue decline to £2.3 billion in its fiscal 2021 ended on March 27, 2021, compared to revenue of £2.6 billion in the previous fiscal. The retail revenue slipped 9 per cent to £1.9 billion (FY20: £2.1 billion), while wholesale revenue dipped 17 per cent to £396 million (£476 million).

Burberry Group, a British luxury fashion house, has reported 11 per cent revenue decline to £2.3 billion in its fiscal 2021 ended on March 27, 2021, compared to revenue of £2.6 billion in the previous fiscal. The retail revenue slipped 9 per cent to £1.9 billion (FY20: £2.1 billion), while wholesale revenue dipped 17 per cent to £396 million (£476 million).#

“In the last 12 months, our teams have faced the challenges posed by the global health crisis with similar energy and resolve, guided by our purpose. From manufacturing and donating PPE to healthcare professionals, to leveraging technology to inspire and excite our customers, time and again our people have shown the creativity to open spaces that defines Burberry,” Marco Gobbetti, chief executive officer of Burberry Group, said in a press release.

Burberry Group, a British luxury fashion house, has reported 11 per cent revenue decline to £2.3 billion in its fiscal 2021 ended on March 27, 2021, compared to revenue of £2.6 billion in the previous fiscal. The retail revenue slipped 9 per cent to £1.9 billion (FY20: £2.1 billion), while wholesale revenue dipped 17 per cent to £396 million (£476 million).#

Gross profit for FY21 was £1.6 billion (£1.7 billion), whereas operating profit grew to £521 million (£189 million). The company’s attributable profit for the year increased to £376 million (£122 million).

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