Burberry H2 Same-Store Sales Rise

Burberry Group PLC (OTC: BURBY) reported a surge in its same-store sales in the six months ending March 31.

The company's comparable sales climbed 9% in the second half. Retail sales for the same period rose 14% to GBP1.06 billion ($1.47 billion).

For fiscal 2016, the company projects licensing revenue to decline 40%.

Burberry shares rose 1.54% to close at $26.37 yesterday.