Source - SMW
Burberry has maintained its guidance for full year  operating profit at both constant and reported exchange rates and said it was on  track for the next phase of its transformation.

Retail sales were up 1% on an underlying basis and down 2% on a reported basis in the three months to the end of December. 

Comparable store sales rose by 2%.

The group said it was on track to deliver cumulative cost savings of £60m in FY 2018.

Chief executive Marco Gobbetti said: 'We are making good progress embedding our strategic vision into the organisation and remain on track to meet our full year profit target.

'We are building on strong foundations and are fully focused on the successful delivery of our multi-year plan to position Burberry firmly in luxury and deliver long-term sustainable value.'