LONDON, (Reuters) – Burberry, a British luxury brand, said that its outlook for 2019 was dependent on the speed at which China recovers from its COVID-19 lockdowns. After meeting its expectations for 2022 sales and operating profits, Burberry expects to be in a better position for next year.

According to the company, revenue rose by 23% to 2.83 Billion Pounds ($3.52 Billio billion). Adjusted operating profit rose 38% to 523 M Pounds. Comparable store sales increased 7% in its last quarter after mainland China lockdowns impacted its March performance.

($1 = 0.8021 pounds)