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Ralph Lauren Q2 revenues grows 24%
11
Nov '11
Ralph Lauren Corporation reported net income of $233 million, or $2.46 per diluted share, for the second quarter of Fiscal 2012, compared to net income of $205 million, or $2.09 per diluted share, for the second quarter of Fiscal 2011.

Net income for the first six months of Fiscal 2012 rose 28% to $418 million from $326 million in the comparable period last fiscal year. Net income per diluted share of $4.35 in the first six months of Fiscal 2012 was 32% greater than the $3.30 achieved in the prior year period.

"Our momentum in the first half of the year demonstrates the incredible vitality of our brand and the growing desirability of our products around the world," said Ralph Lauren, Chairman and Chief Executive Officer. "The progress we are making with our international development and the acceptance of our vibrant accessories merchandise confirms that we are paving important new avenues of growth.

“At the same time, demand for our products in more developed markets has been very strong. Customers around the world understand that Ralph Lauren stands for the highest quality products that withstand the test of time, and this is reflected in our strong performance over the last six months."

"The better-than-expected, double-digit sales and profit growth we achieved during the first half of the year was well-balanced across channels and geographies and comes on top of double-digit gains in the prior year period," said Roger Farah, President and Chief Operating Officer.

"Our products are an important driver of our success, as are the proactive planning and merchandising strategies that are not only supporting market share gains, but also helping to mitigate substantial cost of goods inflation. And while we continue to face margin pressure for the remainder of the year, even as we contend with considerable market volatility and geopolitical uncertainty, we are excited about our long term growth prospects."

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Ralph Lauren Corporation

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