Ralph Lauren Q3 FY21 revenue falls 18% to $1.4 bn

Fashion

Ralph Lauren Q3 FY21 revenue falls 18% to $1.4 bn

05 Feb `21

2 min read

Ralph Lauren Corporation, a leading designer of premium lifestyle products, reported 18 per cent revenues decline to $1.4 billion in its third quarter (Q3) fiscal 2021, ended on December 26, 2020, compared to revenues of $1.7 billion in same period previous fiscal. Company’s net income for Q3 FY21 was $119.8 million (Q3 FY20: $334.1 million).

 

Ralph Lauren Corporation, a leading designer of premium lifestyle products, reported 18 per cent revenues decline to $1.4 billion in its third quarter (Q3) fiscal 2021, ended on December 26, 2020, compared to revenues of $1.7 billion in same period previous fiscal. Company`s net income for Q3 FY21 was $119.8 million (Q3 FY20: $334.1 million).#

“For more than 50 years we have stayed true to a set of values that define us among them timelessness, quality, perseverance and optimism,” Ralph Lauren, executive chairman and chief creative officer, said in a press release. “And in this period of great challenge and change, it is these values that are enabling us to authentically and deeply connect with our consumers around the world.”

 

Ralph Lauren Corporation, a leading designer of premium lifestyle products, reported 18 per cent revenues decline to $1.4 billion in its third quarter (Q3) fiscal 2021, ended on December 26, 2020, compared to revenues of $1.7 billion in same period previous fiscal. Company`s net income for Q3 FY21 was $119.8 million (Q3 FY20: $334.1 million).#

Gross profit for Q3 FY21 fell to $930.4 million (Q3 FY20: $1.0 billion). Company’s operating income was $170.4 million ($224.4 million).

 

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