Burberry’s Sales to Chinese Ease Concern of Fading Luxury

Burberry Group Plc reported first-quarter revenue that exceeded estimates as strong sales to Chinese shoppers eased concern of fading luxury demand and sent the shares up the most in six months.

Retail revenue rose 9 percent to 370 million pounds ($635 million) in the three months through June, London-based Burberry said today in a statement. Analysts predicted 354 million pounds, according to the median of 15 estimates. The shares climbed as much as 5.7 percent, the most since Jan. 15.