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Home / Knowledge / News / Fashion / Ralph Lauren Q4'FY14 operating income boosts 24%
Ralph Lauren Q4'FY14 operating income boosts 24%
09
May '14
Ralph Lauren Corporation reported net income of $153 million, or $1.68 per diluted share, for the fourth quarter of Fiscal 2014, compared to net income of $127 million, or $1.37 per diluted share, for the fourth quarter of Fiscal 2013. Net income for the full year Fiscal 2014 period was $776 million, or $8.43 per diluted share, compared to net income of $750 million, or $8.00 per diluted share, for Fiscal 2013.
 
Highlights: 
-Fourth Quarter Net Revenues Increased 14% to $1.9 Billion, Supported by Double-Digit Growth in the Americas, Europe and Asia
-Consolidated Operating Income Rose 24% in the Fourth Quarter and Operating Margin Expanded 90 Basis Points to 12%, Reflecting Strong Sales Growth and Operating Expense Leverage
-Earnings Per Diluted Share Rose 23% to $1.68 in the Fourth Quarter
-The Company Achieved Record Full Year Operating Results; Net Revenues Increased 7% to $7.4 Billion and Diluted EPS Rose 5% to $8.43 in Fiscal 2014
 
"Fiscal 2014 was another year of record sales and profits for us," said Ralph Lauren, Chairman and Chief Executive Officer. "It was also a year of important achievements, including the establishment of a new global leadership structure, creating greater clarity around our global store development efforts and innovating with new products, particularly in accessories and with Polo for women. The creativity, passion and diligence that defines all that we do is incredibly invigorating. I am confident we are focused on the right initiatives and that we have the right team in place to realize our goals.”
 
“Our strong sales growth in the fourth quarter and full year Fiscal 2014 periods is a clear demonstration of the tremendous appeal of the Ralph Lauren brand and the diversity of our operating model across channels, regions and merchandise categories," said Jacki Nemerov, President and Chief Operating Officer. "Our better-than-expected operating results were supported by the investments we’ve made over the last several years. We will continue to invest for the future during Fiscal 2015, as we believe the returns on our investments will support significant shareholder value creation as we make important progress on our core growth objectives.”
 
Fourth Quarter and Full Year Fiscal 2014 Income Statement Review
Net revenues for the fourth quarter of Fiscal 2014 rose 14% to $1.9 billion. The increase in net revenues reflects robust wholesale segment growth and strong retail segment expansion.
 
Net revenues for the full year Fiscal 2014 period increased 7% to $7.4 billion. Excluding the net negative impacts from discontinued businesses and foreign currency translation, net revenues increased approximately 9% during Fiscal 2014.
 
Wholesale segment sales increased 24% to $983 million in the fourth quarter, fueled by broad-based growth in the Americas, including strong demand for accessories; the contribution from the newly transitioned Chaps men’s sportswear operations; and double-digit growth in Europe.
 
Click here to view full results.

RALPH LAUREN


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