Burberry Shares Jump as Q3 Sales Beat Expectations

LONDON (Reuters) - Burberry shares surged by over 13% in early trading on Friday after its third-quarter sales decline came in below forecasts.

Comparable store sales fell 4% against an expected 12% drop for the quarter that ended December 28.

Buoyed by the positive results, shares climbed over 13% to 12.11 pounds on Friday, having more than doubled in value since September 2022.