Dow Jones Newswires: Burberry’s same-store sales rise only slightly due to China’s COVID-19 restrictions

United States

Burberry Group PLC said Friday that comparable sales increased only slightly in the first quarter of fiscal 2023 as they took a significant hit from the effects of Covid-19 restrictions in China.

The British luxury-goods company UK:BRBY said comparable sales rose 1% in the three months ended July 2, with retail revenue increasing to 505 million pounds ($ 597.2 million) from GBP479 million for the year-earlier period.