Ralph Lauren posts revenue growth by 1% in Q3 FY20

Fashion

06 Feb `20

3 min read

Ralph Lauren Corporation, a global leader in marketing and distribution premium lifestyle products, has reported revenue growth by 1 per cent to $1.8 billion on a reported basis in third quarter (Q3) FY20. Gross profit was $1.1 billion and gross margin was 62.2 per cent. On a reported basis, net income was $334 million in Q3 that ended on December 28, 2019.

Ralph Lauren Corporation, a global leader in marketing and distribution premium lifestyle products, has reported revenue growth by 1 per cent to $1.8 billion on a reported basis in third quarter (Q3) FY20. Gross profit was $1.1 billion and gross margin was 62.2 per cent. On a reported basis, net income was $334 million in Q3 that ended on December 28, 2019.#

Operating expenses in Q3 were $865 million on a reported basis, including $21 million in restructuring-related and other charges. Operating income for the quarter was $224 million on a reported basis, including restructuring-related and other charges of $21 million, and operating margin was 12.8 per cent.

Ralph Lauren Corporation, a global leader in marketing and distribution premium lifestyle products, has reported revenue growth by 1 per cent to $1.8 billion on a reported basis in third quarter (Q3) FY20. Gross profit was $1.1 billion and gross margin was 62.2 per cent. On a reported basis, net income was $334 million in Q3 that ended on December 28, 2019.#

The company's marketing investment increased by 16 per cent while unit retail across direct-to-consumer network was up 6 per cent in Q3 compared to last year.

Ralph Lauren Corporation, a global leader in marketing and distribution premium lifestyle products, has reported revenue growth by 1 per cent to $1.8 billion on a reported basis in third quarter (Q3) FY20. Gross profit was $1.1 billion and gross margin was 62.2 per cent. On a reported basis, net income was $334 million in Q3 that ended on December 28, 2019.#

The company elevated their brand and connected with consumers through our Polo Sport Outdoors Limited edition launch, "7 Days, 7 Drops" holiday programme on the North America Polo app, and amplification of localised brand moments such as our live-streaming show featuring Ayunga and a WeChat mini-programme for singles' day in China.

Ralph Lauren Corporation, a global leader in marketing and distribution premium lifestyle products, has reported revenue growth by 1 per cent to $1.8 billion on a reported basis in third quarter (Q3) FY20. Gross profit was $1.1 billion and gross margin was 62.2 per cent. On a reported basis, net income was $334 million in Q3 that ended on December 28, 2019.#

Ralph Lauren continued expansion of digital partnerships and capabilities, including the launch of their mobile app in the UK, buy online-ship from store fulfillment in China, and improvements in mobile and personalisation on their website.

Ralph Lauren Corporation, a global leader in marketing and distribution premium lifestyle products, has reported revenue growth by 1 per cent to $1.8 billion on a reported basis in third quarter (Q3) FY20. Gross profit was $1.1 billion and gross margin was 62.2 per cent. On a reported basis, net income was $334 million in Q3 that ended on December 28, 2019.#

The company also reported positive growth in every region led by Europe and Asia, with constant currency growth of 5 per cent in each region, and slight growth in North America. Excluding Hong Kong, Asia revenues were up 9 per cent in constant currency.

Ralph Lauren Corporation, a global leader in marketing and distribution premium lifestyle products, has reported revenue growth by 1 per cent to $1.8 billion on a reported basis in third quarter (Q3) FY20. Gross profit was $1.1 billion and gross margin was 62.2 per cent. On a reported basis, net income was $334 million in Q3 that ended on December 28, 2019.#

North America revenue in Q3 increased slightly to $911 million. In retail, comparable store sales in North America were up 4 per cent, driven by a 4 per cent increase in brick and mortar stores and a 6 per cent increase in online sales. North America wholesale revenue decreased 8 per cent.

Ralph Lauren Corporation, a global leader in marketing and distribution premium lifestyle products, has reported revenue growth by 1 per cent to $1.8 billion on a reported basis in third quarter (Q3) FY20. Gross profit was $1.1 billion and gross margin was 62.2 per cent. On a reported basis, net income was $334 million in Q3 that ended on December 28, 2019.#

Europe revenue in Q3 increased 3 per cent to $438 million on a reported basis. In retail, comparable store sales in Europe were up 3 per cent, driven by a 2 per cent increase in brick and mortar stores and a 15 per cent increase in digital commerce. Europe wholesale revenue increased 2 per cent on a reported basis.

Favourite Print this story Comments Submit Press Release