Burberry Group plc maintained guidance of high single-digit revenue growth and meaningful margin accretion at CER in the medium-term. The outlook is dependent on the impact of COVID-19 and rate of recovery in consumer spending in Mainland China. While the current macro-economic environment creates some near term uncertainty, they are actively managing the headwind from inflation.

Based on 6 May 2022 spot rates they expect a currency tailwind of £159 million on revenue in 2023.