Burberry's full year revenue and profit growth remains flat

Announcing preliminary results for the 52 weeks ended March 30, 2019, Burberry Group Plc said, revenue excluding beauty wholesale increased by 2 percent CER and 2 percent reported to 2,720 million pounds (3,492 million dollars). Total revenue of 2,720 million pounds was down 1 percent CER and flat reported. Comparable store sales for the year under review improved 2 percent, while wholesale sales excluding beauty rose 7 percent at CER. Adjusted operating profit of 438 million pounds (562 million dollars) was flat at CER, and down 6 percent reported. Gross margin was down 100bps.