Home / Knowledge / News / Apparel/Garments / Wholesale revenues will grow at mid teens rate in Q3, Polo Ralph
Wholesale revenues will grow at mid teens rate in Q3, Polo Ralph
11
Nov '10
Polo Ralph Lauren Corporation reported net income of $205 million, or $2.09 per diluted share, for the second quarter of Fiscal 2011, compared to net income of $178 million, or $1.75 per diluted share, for the second quarter of Fiscal 2010.

Net income for the first six months of Fiscal 2011 rose 28% to $326 million from $254 million in the comparable period last fiscal year. Net income per diluted share of $3.30 in the first six months of Fiscal 2011 was 31% greater than the $2.51 achieved in the prior year period.

"We are extremely pleased with our second quarter and first half performance," said Ralph Lauren, Chairman and Chief Executive Officer.

"The customer is responding to the strength of our product offerings, our innovative and unique marketing and advertising platforms and the exceptional experience and service we provide. We achieved several milestones over the past few months, from opening our two, stunning flagship stores on Madison Avenue, launching our first international digital flagship in the United Kingdom and introducing our first line of Lauren handbags. We also made important progress integrating our Asian operations. All of these activities herald an exciting new era of opportunity for our Company."

"With sales growing 12% and operating profits increasing 33% during the first half of the year, we are proud of our ability to deliver strong results even as we make substantial investments in our long-term strategic objectives," said Roger Farah, President and Chief Operating Officer.

"Our targeted merchandising strategies and operational discipline drove better than expected performance, and we experienced well-balanced contributions from all products, channels and regions. While we are still operating in the context of considerable macroeconomic and geopolitical uncertainty, and we expect to encounter more intense sourcing cost and exchange rate headwinds in the back half of the year, we are encouraged by our current business momentum heading into the holiday season."

Click here for more details

Polo Ralph Lauren Corporation

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Apparel/Garments | On 25th Apr 2017

Walmart's Project Gigaton to help reduce emissions

Walmart has launched a sustainability platform called Project Gigaton ...

Courtesy: Arvind

Fashion | On 25th Apr 2017

The Arvind Store launches ready-to-wear brand for men

The Arvind Store has announced the launch of its own ready-to-wear...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

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

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Wendell Rodricks
Wendell Rodricks

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
April 2017

April 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