Burberry back to pre-pandemic level dividend following “strong set of results”

Fashion brand Burberry has reinstated its dividend at pre-pandemic levels following a “strong” performance.

In its preliminary results for 52 weeks ended 27 March, the firm has confirmed its full year dividend reinstated at 42.5p.

In Q4 FY21, the brand saw its comparable store sales increase 32 per cent year on year, as well as an annual reported operating profit of £521m - an increase of 176 per cent.

Marco Gobbetti, chief executive officer, commented: “In the last three years we have transformed our business and built a new Burberry, anchored firmly in luxury. We have revitalised our brand image, renewed our product offer and elevated our customer experience while making further progress on our ambitious social and environmental agenda.

“In spite of COVID-19, we achieved our objectives for the period and delivered a strong set of results in FY21, ending the year with good full-price sales growth.

“In this next chapter, supported by these foundations and the strength of our teams, we will accelerate our growth and deliver value creation while continuing to build a more inclusive and sustainable future.”