Burberry’s Sales Growth Slows to 1% on China COVID Hit

A Burberry store is seen in London, Britain, January 16, 2023. (Reuters)

British luxury brand Burberry's like-for-like sales growth slowed sharply to 1% in the quarter to end-December as COVID-19-related disruption in mainland China largely offset a stronger performance in Europe.

Analysts were expecting a 2% rise, according to a company-supplied consensus. It had reported growth of 11% for the previous quarter.