Luxury fashion good marketer and NYSE-listed – Ralph Lauren has announced that the Company’s Board of Directors has approved a quarterly dividend for holders of the Company’s common shares in the amount of $0.45 per common share. The dividend will be paid on January 9, 2015 to shareholders of record at the close of business on December 26, 2014.
According to the luxury fashion marketer, operating margin for the second fiscal quarter ending September 27, 2014 performed better than expected, due to strong and proactive operational management, in addition to a shift in the timing of certain expenses into the back half of the fiscal year.
Ralph Lauren posted net income of $201 million, or $2.25 per diluted share, for the second quarter of 2014, down from $205 million, or $2.23 per diluted share, for the second quarter of 2013.
Net revenues for the reporting quarter rose 4 per cent from a year ago quarter, to $2.0 billion led by retail segment expansion, including double-digit international growth, according to reports.
Licensing revenues of $45 million in the second quarter of 2014 were 2 per cent above the prior year period, reflecting higher royalties from increased sales of Ralph Lauren products.
Gross profit for the second quarter of 2014 went up by 4 per cent to $1.1 billion and gross profit margin of 56.8 per cent was 20 basis points above the prior year period, primarily due to favourable channel and geographic mix.
Ralph Lauren Corporation (NYSE: RL) is a leader in the design, marketing, and distribution of premium lifestyle products in four categories: apparel, home, accessories, and fragrances. (GK)
Fibre2fashion News Desk - India