American fashion firm Ralph Lauren ends second quarter with net income of $ 193 million

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Second quarter (Q2) revenues of Ralph Lauren Corp, a global leader in the design, marketing and distribution of premium lifestyle products, increased 26% to $ 1.5 billion per compared to the same period of the previous fiscal year. The company’s net income for the quarter ended September 25, 2021 was $ 193.3 million, compared to a loss of $ 39.1 million in the second quarter of fiscal 21.

Second quarter (Q2) revenues of Ralph Lauren Corp, a global leader in the design, marketing and distribution of premium lifestyle products, increased 26% to $ 1.5 billion from at the same period of the previous fiscal year. The company’s net income for the quarter ended September 25, 2021 was $ 193.3 million, compared to a loss of $ 39.1 million in the second quarter of fiscal 21.

“We continue to grow and evolve in ways I never imagined, while remaining true to the spirit of timelessness that defines who we are” Ralph Lauren, Executive Chairman and Chief Creative Officer of the Company, said in a statement. “As we enter the holiday season with a greater sense of hope in the world, I am proud of the way our teams come together to inspire optimism and love in all we create – from our signature products to our expanding digital, hospitality and store experiences. in the whole world.”

Second quarter (Q2) revenues of Ralph Lauren Corp, a global leader in the design, marketing and distribution of premium lifestyle products, increased 26% to $ 1.5 billion from at the same period of the previous fiscal year. The company’s net income for the quarter ended September 25, 2021 was $ 193.3 million, compared to a loss of $ 39.1 million in the second quarter of fiscal 21.

Gross profit in the second quarter of FY22 reached $ 1.0 billion ($ 799.4 million), while operating profit reached $ 251.9 million (operating loss: $ 20.3 million).

Second quarter (Q2) revenues of Ralph Lauren Corp, a global leader in the design, marketing and distribution of premium lifestyle products, increased 26% to $ 1.5 billion from at the same period of the previous fiscal year. The company’s net income for the quarter ended September 25, 2021 was $ 193.3 million, compared to a loss of $ 39.1 million in the second quarter of fiscal 21.

By region, sales in North America jumped 30% to $ 703.1 million ($ 542.9 million), while Europe saw a 38% increase in sales to 495.5 million. dollars ($ 359.5 million). In addition, Asia reported a 14% increase in sales to $ 269.9 million ($ 236.6 million), from the second quarter of 2021.

Second quarter (Q2) revenues of Ralph Lauren Corp, a global leader in the design, marketing and distribution of premium lifestyle products, increased 26% to $ 1.5 billion from at the same period of the previous fiscal year. The company’s net income for the quarter ended September 25, 2021 was $ 193.3 million, compared to a loss of $ 39.1 million in the second quarter of fiscal 21.

“We made another quarter of significant progress on our 2022 fiscal plan, with second quarter results exceeding our expectations in all key financial, operational and consumer health metrics,” Patrice Louvet, Chairman and CEO of Ralph Lauren noted.

Second quarter (Q2) revenues of Ralph Lauren Corp, a global leader in the design, marketing and distribution of premium lifestyle products, increased 26% to $ 1.5 billion from at the same period of the previous fiscal year. The company’s net income for the quarter ended September 25, 2021 was $ 193.3 million, compared to a loss of $ 39.1 million in the second quarter of fiscal 21.

“Ralph Lauren remains on the offensive – our market share is increasing and we are increasing our investments to seize new growth opportunities. Even as we continue to navigate in a volatile global environment, we are confident in our ability to maintain our momentum, ”Louvet concluded.

Second quarter (Q2) revenues of Ralph Lauren Corp, a global leader in the design, marketing and distribution of premium lifestyle products, increased 26% to $ 1.5 billion from at the same period of the previous fiscal year. The company’s net income for the quarter ended September 25, 2021 was $ 193.3 million, compared to a loss of $ 39.1 million in the second quarter of fiscal 21.

Ralph Lauren continues to note the continuing uncertainty and changing circumstances surrounding Covid-19 impacting the timing and path of recovery in each market, including the potential for new outbreaks or resurgences of the pandemic across various markets as well as potential disruptions to the global supply chain. For fiscal 2022, the company has raised its outlook and expects sales to increase between 34% and 36%.

Fibre2Fashion Information Office (JL)


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