Burberry has announced a 14% rise in first-half revenues to £1.1bn but the fashion house expects currency exchange rates to hit profits.
The London-listed firm, which has more than 500 stores including franchises worldwide, said the underlying growth in the six months to 30 September reflected a "strong performance across all regions and continued digital growth".
It said key drivers included rainwear, its women's Prorsum collection, leather bags and men's tailoring.
But it said that it expected more cautious demand from travel retail and European customers in the second half of its financial year and said currency fluctuations would have a material impact on reported profits.
It estimated - at current levels - that profits would be hit to the tune of about £25m though this figure was down from an earlier estimate in July of £55m because sterling has since weakened against the dollar.
Chief creative officer and chief executive Christopher Bailey, who faced a shareholder revolt in the summer over his pay deal, gave an upbeat assessment of Burberry's performance.
He said: "This has been a strong first half for Burberry, with sales growth of 14% reflecting our ongoing brand and business momentum.
"Looking ahead, while mindful of the more difficult external environment, we have never been better prepared internally for the all-important festive periods, with our teams intensely focused on delivering outstanding products and experiences, alongside continued investment to drive productivity and profitable growth over the long term".
Burberry's shares fell more than 4% in early trading on the FTSE 100 - partly a result of a profits warning from rival Mulberry that also contained growing concerns about sales amid the weak global economic recovery.
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