Burberry Group plc provided revenue guidance for the fiscal year 2023. The company continue to target high-single digit revenue growth and 20% margins in the medium term. While the current macro-economic environment creates some near-term uncertainty, performance in Mainland China has been encouraging since stores reopened in June and the company actively managing the headwind from inflation.

Based on the effective FX rates as of 11th July, the company now expects a currency tail wind of c.£190 million on revenue in FY23.