British luxury brand Burberry posted a 14 percent rise in total first half revenue though it cautioned the external environment was becoming more difficult, partly offsetting reduced currency headwinds.
The 158-year-old seller of raincoats and leather goods, known for its camel, red and black check pattern, said on Tuesday it made revenue of 1.1 billion pounds ($1.77 billion) dollar) in the six months to Sept. 30, reflecting a strong performance across all regions and continued digital growth.
Meanwhile British luxury handbag maker Mulberry said full-year pretax profit would be significantly below expectations after a slump in first-half trading added to the disruption of a product overhaul. The stock sank 20 percent in opening deals.
Mulberry had warned in June of a tough year ahead as it shifts to a lower price strategy following an ill-fated attempt to move upmarket that hit sales and led to chief executive Bruno Guillon's exit in March.
On Tuesday, in the latest in a string of profit warnings, the firm said tougher than expected trading conditions had added to its woes, with falling levels of tourist shoppers hurting its core UK business.