Burberry reported better-than-expected revenue and profit in the first half, with 2% growth in second quarter like-for-like sales. The focus on core outerwear and scarves, along with smart marketing campaigns, contributed to the positive results. Outerwear performed well in all regions, especially in China where sales were up 3%. The company’s cost cuts are expected to support profitability, maintaining a fair value estimate for Burberry.

Read more at Morningstar: Burberry Earnings: Revenue Returns to Growth