Mulberry delivered more ammunition for the bulls with its full-year results, producing eye-popping pre-tax profit growth of 358 per cent to £23.5m, well ahead of the £21.5m anticipated by the market.
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It also revealed a 42 per cent increase in like-for-like sales in the first 10 weeks of the new financial year, and said that orders of its new Autumn/Winter collection were already 38 per cent ahead of last year with five months of the selling season. The luxury handbag maker has plans to open new stores this year in Europe, the Middle East and Asia, where sales quadrupled last year to £14.8m.
When: 10/06/2011
Price: 1,365p
Performance to date: -4%
