Burberry Group PLC reported a 14% rise in sales for the fourth quarter, mostly due to the weakened British pound. Sales for the quarter were $501 million.
Excluding the effects of currency, sales fell 5 percent. Dollar figures have been calculated at average exchange rates for the period.
"We're one of the only luxury players that reports in sterling and this is our time for benefits from that point of view," Stacey Cartwright, chief financial officer at Burberry, said in an interview.
In the six months ended March 31, revenues rose 21 percent to 663 million pounds, or $994 million. Stripping out the effects of currency fluctuations, the increase stood at 2 percent.
Burberry's total retail sales grew 36 percent to 385 million pounds, or $577 million during the half, while excluding currency fluctuations they grew 14 percent.
Korea and the U.K. were the bright spots in the report, with strong sales in those areas. Burberry, like all luxury retailers, has been suffering quite a bit from the recession and reduced consumer spending. For the year ahead, it expects to meet expectations with modest growth.
Burberry Group PLC 
