Since December 2020, Burberry has continued to see a strong rebound in sales and predicts revenue and adjusted operating profit to exceed consensus expectations.

The company’s trading update outlined that comparable store retail sales in the fourth quarter of the 2021 financial year are expected to be between 28-32% higher than the same period in 2020. Burberry expects its revenue to decline by 10-11%, and the adjusted operating margin to be between 15.5-16.5%.

Preliminary results are due for release May 13, 2021.