Ralph Lauren continues positive trend
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.