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Burberry’s First-Half Profits Dropped 27.5 Percent, But It’s Okay

COPENHAGEN/DENMARK _ Female consumer walk by the british Burberry store 6 March 2012 (PHOTO BY FRANCIS JOSEPH DEAN/DEAN PICTURES)

The brand brought in £85 million ($134.3 million); the decline was "due to exceptional items including the early termination of its fragrance license with Inter Parfums SA, and despite a 6.4 percent rise in revenue to 882.5 million pounds, or $1.39 billion," WWD writes. And Burberry's "adjusted profits before taxes" were better than analysts thought they'd be. Basically, according to Intel Kevin, who kindly translated this 01101011001101 stuff for the Cut, it "would have been a good half of the year except for that license ending."

Photo: Francis Dean/Corbis

Copyright © 2013, New York Media LLC. All Rights Reserved. The Cut® are registered trademarks of New York Media LLC.

Copyright © 2013, New York Media LLC.
All Rights Reserved.

Copyright © 2013, New York Media LLC. All Rights Reserved.

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