Burberry’s quarterly sales drop less than feared

© Reuters. Burberry signage is seen at their store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. REUTERS/Andrew Kelly/File Photo

(Reuters) – British luxury brand Burberry (LON:BRBY) reported a 4% drop in quarterly comparable store sales on Friday, beating market expectations thanks to strong festive demand in the Americas.

Analysts had expected Burberry to report a 12% decline in comparable sales for the third quarter to end-December, according to a company-compiled consensus estimate.

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