Home / Knowledge / News / Textiles / Reported EPS tanks at Ralph Lauren in Q2FY17
Reported EPS tanks at Ralph Lauren in Q2FY17
11
Aug '16
Courtesy: Ralph Lauren
Courtesy: Ralph Lauren
Ralph Lauren posted a massive loss in the first fiscal quarter ended July 2, 2016, when it clocked reported loss per diluted share at $0.27 as against reported earnings per diluted share of $0.73 in the fiscal ago period.

However, excluding restructuring and other related charges, on adjusted basis, earnings per diluted share was $1.06 in the three months ended July 2, 2016 as against $1.09 in the three months ended June 27, 2015.

Net revenues at the US based fashion lifestyle brand for the first quarter of fiscal 2017 declined 4 per cent year over year to $1.6 billion, which the company said was in line with the June 2016 guidance.

On an adjusted basis, gross profit amounted to $949 million with gross profit margin at 61.1 per cent, 130 basis points above what the company posted in the prior fiscal's first quarter.

“The increase in gross margin was primarily driven by a favourable sales mix shifts, lower product costs and an improvement in Asia driven by initiatives to improve quality of sale metrics,” Ralph Lauren said.

For the quarter under review, on an adjusted basis, operating expenses were $821 million and operating expense rate was 52.9 per cent, but 180 basis points above last fiscal's same quarter. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Top 15 US fashion brands are collectively worth $70 bn

Fashion | On 22nd Jul 2018

Top 15 US fashion brands are collectively worth $70 bn

The top 15 American fashion brands are collectively worth close to...

Courtesy: Covestro

Textiles | On 22nd Jul 2018

Covestro's new products for waterproof textile coating

Covestro, which is among the largest polymer companies, has unveiled...

Evogene, IMAmt to work together in insect resistance

Textiles | On 22nd Jul 2018

Evogene, IMAmt to work together in insect resistance

Evogene, a leading biotechnology company developing novel products...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Top executives
Textile industry

GST has levelled the playing field to an extent

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Mohammad Hassan
Biax Fiberfilm

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Ritu Kumar
Label Ritu Kumar

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search