Burberry: H1 pre-tax profit grows 26 percent, new CEO announces growth strategy

Announcing its interim results for the first half year, Burberry said, revenue in the period increased 4 percent underlying and 9 percent reported to 1,263 million pounds (1,659 million dollars), with retail comp store sales up 4 percent. The company’s adjusted operating margin rose 210bps to 14.6 percent, while profit before tax increased 26 percent to 128 million pounds (168 million dollars). Meanwhile, the company's new CEO Marco Gobbetti also announced a strategy to achieve long-term growth.