Ralph Lauren Q1 FY20: revenues $487 mn; net loss $128 mn

Fashion

05 Aug `20

2 min read

Ralph Lauren Corporation, a leading designer of premium lifestyle products, posted 66 per cent revenue decline to $487.5 million in its first quarter (Q1) fiscal 2020 ended on June 27, 2020 compared to revenue of $1,428.8 million in same period last year. Company reported a net loss of $127.7 million compared to net income of $117.1 million in Q1 FY19.

Ralph Lauren Corporation, a leading designer of of premium lifestyle products, posted 66 per cent revenue decline to $487.5 million in its first quarter (Q1) fiscal 2020 ended on June 27, 2020 compared to revenue of $1,428.8 million in same period last year. Company reported a net loss of $127.7 million compared to net income of $117.1 million in Q1 FY19.#

"The past few months have marked a period of extraordinary challenge, but also agility and resilience. Our financial performance this quarter reflects an unprecedented three months of Covid-19-related impact around the world,” Ralph Lauren, executive chairman and chief creative officer, said in a press release.

Ralph Lauren Corporation, a leading designer of of premium lifestyle products, posted 66 per cent revenue decline to $487.5 million in its first quarter (Q1) fiscal 2020 ended on June 27, 2020 compared to revenue of $1,428.8 million in same period last year. Company reported a net loss of $127.7 million compared to net income of $117.1 million in Q1 FY19.#

Gross profit for Q1 FY20 fell to $348.7 million (Q1 FY19: $920.8 million). Operating loss for the reported period were $168.0 million compared to operating income of $143.3 million in Q1 FY19.

Ralph Lauren Corporation, a leading designer of of premium lifestyle products, posted 66 per cent revenue decline to $487.5 million in its first quarter (Q1) fiscal 2020 ended on June 27, 2020 compared to revenue of $1,428.8 million in same period last year. Company reported a net loss of $127.7 million compared to net income of $117.1 million in Q1 FY19.#

Revenues in North America were down to $165.1 million ($719.4 million). In Europe, revenues slipped to $120.7 million ($360.8 million). While in Asia, sales came down to $171.9 million ($258.6 million).

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