Ralph Lauren continues positive trend

Ralph Lauren, Black Label, Spring Summer 2012

For the third quarter of fiscal year from October to December 2011, the Ralph Lauren Group saw net sales jump by 17% against an increase of 24% in the second quarter. During the first nine months of its fiscal year, which began in early April 2011, Ralph Lauren saw net sales jump 24% to nearly 4 billion euros ($ 5.2 billion), an operating profit of 681 million . Net income jumped 19% to 442 million.

Over the period, the wholesale business has been up 19%. The retail business grew by 29%, reaching a total of  2 billion euros for the first 9 months. On a comparable basis, the increase has been 14%. Sales via the Ralph Lauren stores increased 8%, those of outlets by 14%, those of the Club Monaco brand by 19% and finally online sales by 29%. The performance achieved during the first nine months allows management group further raise its forecast. It now expects growth of 20% against an expected rise before 15 to 19% on average.