Fashion house Burberry showed it continued to enjoy strong sales after it reported a 19 per cent jump in revenues for the quarter to June 30.
The progress, which was in line with market expectations, reflected strong demand across operations worldwide, including in Europe where turnover was 14 per cent higher than a year earlier at £44 million.
Sales from its store portfolio were up by 19 per cent on an underlying basis to £82 million, while trading in its wholesale arm saw a more modest rise of two per cent.
Chief executive Angela Ahrendts described the first quarter results as strong and said the company had "continued momentum" across its primary product categories and geographical regions.
Asian markets were particularly successful for the fashion retailer with a gain of 30 per cent to £41 million while North America saw a rise of 12 per cent to £36 million.
Store-based sales accounted for around 61 per cent of all revenues in the quarter, with 28 per cent coming from wholesale another 11 per cent from licensing.
Pretax profits for the year to March 31 fell to £157 million from £166 million a year earlier, as it suffered from costs relating to its takeover of wholesale operations and restructuring plans.
The results in May were the firm's first annual figures since its demerger from retail group GUS last year.
Retail sales rose 35 per cent, or 19 per cent on an underlying basis, to £82 million to account for 61 per cent of the total, "driven by contributions from newly opened stores and strong gains at existing stores", the company said.
Burberry, which has underperformed other stocks in the FTSE mid-cap index by ten per cent over the past 12 months, is valued at £2.05 billion.
Finance director Stacey Cartwright said the strong first-quarter results reflected the continued momentum of Burberry's retail operations across its primary product categories and geographical regions.
She said given Burberry's main sales areas, Europe and Japan, make up 75 per cent of sales, "there is so much more to go for" not least because retail sales in the US, where it has 36 stores, are on a par with those in Spain.
"Now there are different distribution channels, but for the US market to be only the same size as the Spanish market shows the sheer potential," she said. We have talked about anywhere between 50 and 60 US stores being very feasible."
Shares closed down 0.5p at 459.5.