We use first party and third-party Cookies to help us understand Website usage and to improve the content and offerings and to provide you advertising, analytics and other purposes related to your navigation habits. If you continue scrolling, we consider you accept the policy. You can read more about our cookie policy.


The global fashion business journal

Nov 16, 20192:12am

Ralph Lauren grows 1% in the second quarter, but profit surges

The American fashion company’s sales reached 1.7 billion dollars in the quarter ended September 28 of its fiscal year.

Nov 7, 2019 — 6:48pm
mds
Save

Ralph Lauren grows 1% in the second quarter, but profit surges

 

 

Ralph Lauren ends a bittersweet quarter. In the second quarter (period ended in September) the company had an increase of just 1%, up to 1.7 billion dollars. Year to date sales reached up to 3.1 billion dollars.

 

By markets, Asia is the continent that grew most in the quarter ended September 28, with a 4% rise, up to 255.3 million dollars. In Europe, the group increased its sales by 3%, to 480.2 million dollars. In the Americas, Ralph Lauren’s sales had a 1% decline, to 881 million dollars. Net profit rose 7.1% to 299 million dollars.

 

“Our performance was driven by strong continued momentum in our international markets and expense discipline across the organization, while we continued to invest in elevating our brands and stabilize our North America business against a more volatile backdrop,” stated by Patrice Louvet, chief executive officer.

Advertising
Comment
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...