Home / Knowledge / News / Apparel/Garments / Ralph Lauren delivers solid performance in FY'12
Ralph Lauren delivers solid performance in FY'12
23
May '12
Ralph Lauren Corporation reported net income of $94 million, or $0.99 per diluted share, for the fourth quarter of Fiscal 2012, compared to net income of $73 million, or $0.74 per diluted share, for the fourth quarter of Fiscal 2011. Net income for Fiscal 2012 was $681 million, or $7.13 per diluted share, compared to net income of $568 million, or $5.75 per diluted share, for Fiscal 2011.

The Company also announced that its Board of Directors declared a 100% increase in the regular quarterly cash dividend on the Company's Common Stock. The new quarterly cash dividend is now $0.40 per share. Over the next year, the new annual dividend amount will be $1.60 per share and result in an anticipated annualized payout of approximately $150 million. The next quarterly dividend is payable on July 13, 2012 to shareholders of record at the close of business on June 29, 2012.

“Fiscal 2012 was another year of spectacular growth for our Company,” said Ralph Lauren, Chairman and Chief Executive Officer. “We made significant progress with our international expansion efforts and we launched exciting new products during the year.

“I am thrilled with the momentum we are gaining with our handbags worldwide and we will continue to invest in innovation and distribution to support this high growth merchandise category. We are in the midst of transforming our presence in Greater China, a region that we believe will become an important driver of growth for us over the long term, and have some magnificent new stores planned for the next several years.

“As proud as I am of what we've accomplished, I am even more excited about the many compelling opportunities that are still ahead for us,” Mr. Lauren added.

“Sales and profit growth exceeded 20% in Fiscal 2012, which is an acceleration of a multi-year trend of double-digit gains even as we've consistently reinvested in the business,” said Roger Farah, President and Chief Operating Officer.

“Our Fiscal 2012 performance is particularly noteworthy considering the unprecedented raw materials cost inflation and highly uncertain market conditions that persisted throughout the year. Much of our progress in Fiscal 2012 was achieved with market share and productivity gains in existing locations.

“As we look to the future, we believe we have significant potential to expand our distribution, particularly in international markets. And while we enter Fiscal 2013 excited about our global growth initiatives, we are cautious about near-term economic trends, particularly in Europe, and have planned the year accordingly.

“Whatever the near-term challenges may be, they do not alter our long-term growth expectations and our commitment to investing to support those goals. The doubling of our dividend is a clear indication of our Board's recognition of our strong performance, liquidity metrics and long term plans, in addition to our commitment to enhancing shareholder returns.”

Click here to read more details:

Ralph Lauren Corporation


Must ReadView All

Apparel/Garments | On 27th Jun 2017

Vietnam to build fashion, textile, trading centres

Vietnam's Ho Chi Minh City will build large centres for designing...

Textiles | On 27th Jun 2017

Barcelona’s Unitin develops recycled Indigo yarns

Unitin, a trademark of Industrias Morera SA and a leading textile...

Information Technology | On 27th Jun 2017

ThreadSol to bring fabric solutions to Thailand

ThreadSol, an enterprise material management provider for the sewn...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search