>>
Home / Knowledge / News / Fashion / American fashion firm Ralph Lauren ends Q2 with net income to $193 mn

American fashion firm Ralph Lauren ends Q2 with net income to $193 mn

09
Nov '21
Pic: Ralph Lauren
Pic: Ralph Lauren
Second quarter (Q2) revenues at Ralph Lauren Corp, a global leader in the design, marketing, and distribution of premium lifestyle products, increased by 26 per cent to $1.5 billion against same period of prior fiscal. The company’s net income for the quarter ended on September 25, 2021, shot up to $193.3 million compared to loss of $39.1 million in Q2 FY21.
 
“We continue to grow and evolve in ways I never imagined, all while holding true to the spirit of timelessness that defines who we are,” Ralph Lauren, executive chairman and chief creative officer at the company, said in a press release. “As we enter the holiday season with a greater sense of hope in the world, I am proud of how our teams are coming together to inspire optimism and love in everything we create — from our iconic products to our expanding digital, hospitality and store experiences all over the world.”
 
Gross profit during Q2 FY22 grew to $1.0 billion ($799.4 million), while operating income increased to $251.9 million (operating loss: $20.3 million).
 
By region, sales from North America surged 30 per cent to $703.1 million ($542.9 million), while Europe recorded a 38 per cent rise in sales to $495.5 million ($359.5 million). Furthermore, Asia reported a 14 per cent sales hike to $269.9 million ($236.6 million), compared to the second quarter of 2021.
 
“We delivered another quarter of strong progress on our fiscal 2022 plan, with second quarter results exceeding our expectations across all key financial, operating and consumer health metrics,” Patrice Louvet, president and chief executive officer at Ralph Lauren said. 
 
“Ralph Lauren remains on offense — our market share is growing and we are increasing our investments to deliver on further opportunities for growth. Even as we continue to navigate a volatile global environment, we are confident in our ability to sustain our momentum,” Louvet concluded.
 
Ralph Lauren continues to note the ongoing uncertainty and evolving situation surrounding Covid-19 impacting the timing and path of recovery in each market, including the potential for further outbreaks or resurgences of the pandemic across various markets as well as potential global supply chain disruptions. For the fiscal 2022, the company has raised its outlook and expects sales to rise in the range between 34 per cent to 36 per cent.

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

Textiles | On 21st Jan 2022

China to optimise energy production, supply, storage, sales

As the global energy market faces complicated situations, China’s top ...

Pic: Dreamstime.com

Apparel/Garments | On 21st Jan 2022

Bangladeshi garment, accessory makers form joint panel to boost export

The Bangladesh Garment Manufacturers and Exporters Association, the...

Pic: Shutterstock

Textiles | On 21st Jan 2022

New cargo trains link China's Inner Mongolia, Fujian to Moscow

A new cargo train carrying 50 containers departed on January 12 from...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Dr. Catherine Tubb,

Dr. Catherine Tubb

Created in 2018 to investigate the risk of market failure related to...

Zayed Moyeen,

Zayed Moyeen

Far East Knitting and Dyeing Industries LTD (FEKDIL) was established in...

Seth Casden, Hologenix

Seth Casden
Hologenix

Hologenix is a material sciences company dedicated to developing products...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

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

ESTEEMED CLIENTS

TESCO INTERNATIONAL SOURCING LIMITED
Reiter India Private Limited
Asos
Target Corporation (MN)
Cat Tuong Real Estate Group Joint Stock Company
Gatsby Africa
H;&M Hennes ;& Mauritz (Far East) Ltd
Hela Clothing Pvt Ltd
Aramark Uniform ;& Career Apparel, LLC
Gap International Sourcing Limited
Chori Company Limited
Boardriders Asia Sourcing Limited
Vardhman Textile Ltd
Restoque S.A.
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Green Fibre
Walmart
Sportswear Company Spa
Huntsman (Singapore) Pte Ltd
SHAHI Exports Pvt Ltd
LC Waikiki
Desigual - ABASIC, S.A.
T.T. Limited
BIMBA ;& LOLA SL
Landmark Group
Lisa S.P.A.
Sainsbury's Argos Asia Limited
Phong Phu international JSC (PPJ)
Tommy Hilfiger
IKEA of Sweden AB
C;&A Sourcing International Ltd
SYNERGIES HONG KONG LIMITED
Lululemon Athletica Inc
Vianney Textil Hogar S.A. De C.V.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
THE BOMBAY DYEING ;& MFG.CO. LTD
Varner AS Retail
Groz-Beckert East Asia LLP
OVS Hong Kong Sourcing Ltd.
Rosset ;& Cia Limited
Chico’ FAS
Splash
Tchibo GmbH
Calvin Klein
Midas Clothing Limited
Under Armour Global Sourcing Ltd
Lifestyle
Abit
IDH – The Sustainable Trade Initiative
The Top Form Brassiere Manufacturing Company Limited
Amazon China
Alison Hayes Romania
Page Industries Limited (Bangalore)
Arvind Limited
Esprit Europe Services GmbH
John Varvatos
Bluestem Global Sourcing Limited
Etam Group Strategy Hong Kong Limited
Hirdaramani International Export Private Limited
Babyshop
Sportmaster Ltd.
Recron Polyester from Reliance Industries Limited
The LYCRA Company Singapore  Pte. Ltd
Gokaldas Exports Limited
MAS Active / MAS Kreeda / MAS Bodyline
Benetton Group
G-Star Raw C.V.
Guess Europe Sagl,
Helly Hansen Far East Ltd
Eastman Chemical Company
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Permoda(Koaj/Armi/Pronto/Bkul)
J ;& P Coats
KAS Direct Sourcing
Maceton Limited
Gloria Jeans
KIABI
Aquarelle Clothing Limited
Seasalt Limited
International Textile Manufacturers Federation
PVH Corporation
Truetzschler India Private Limited
Decathlon
Puma
NITI Aayog
Alix Partners
Grasim Industries Limited
BIANCA
Rayonese Textile Inc., Division de Culp Inc.
Lacoste (Wanchai)

January 2022

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


Advanced Search