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Polo Ralph delivers strong Q3 & year-to-date results
07 Feb '08
3 min read
"We believe this provides us with a competitive advantage as we navigate through volatile times, allowing us to maintain the strategic focus that has served us so well over the last forty years," Mr. Lauren added.
"We delivered strong third quarter and year-to-date results. Even in the context of macroeconomic uncertainty, our strategies remain intact," said Roger Farah, President and Chief Operating Officer.
"In the past few years we have made significant long-term investments in our international business with the expansion of Europe, product categories such as Lauren and Childrenswear, and channel expansion with our own Retail stores and eCommerce, as well as infrastructure investments to develop a world-class supply chain.
Our more recent efforts include the repositioning of Japan and the development of accessories. While the recent decline in consumer spending presents near-term challenges, we continue to invest in our strategic initiatives as we believe they are long-term drivers of shareholder value."
Third Quarter and Nine Months Fiscal 2008 Income Statement Review:
Net Revenues. Net revenues for the third quarter increased 11% to $1.27 billion, compared to $1.14 billion for the comparable period last year. Excluding the impact of recent non-comp acquisitions (Impact 21 Co Ltd (Impact 21), a former Japanese sub-licensee and the remaining interest in Polo Ralph Lauren Japan Corporation as well as New Campaign Inc (New Campaign), the Company's former small leathergoods licensee in the U.S.), third quarter net revenues increased 6%.
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"We delivered strong third quarter and year-to-date results. Even in the context of macroeconomic uncertainty, our strategies remain intact," said Roger Farah, President and Chief Operating Officer.
"In the past few years we have made significant long-term investments in our international business with the expansion of Europe, product categories such as Lauren and Childrenswear, and channel expansion with our own Retail stores and eCommerce, as well as infrastructure investments to develop a world-class supply chain.
Our more recent efforts include the repositioning of Japan and the development of accessories. While the recent decline in consumer spending presents near-term challenges, we continue to invest in our strategic initiatives as we believe they are long-term drivers of shareholder value."
Third Quarter and Nine Months Fiscal 2008 Income Statement Review:
Net Revenues. Net revenues for the third quarter increased 11% to $1.27 billion, compared to $1.14 billion for the comparable period last year. Excluding the impact of recent non-comp acquisitions (Impact 21 Co Ltd (Impact 21), a former Japanese sub-licensee and the remaining interest in Polo Ralph Lauren Japan Corporation as well as New Campaign Inc (New Campaign), the Company's former small leathergoods licensee in the U.S.), third quarter net revenues increased 6%.
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Polo Ralph Lauren Corporation
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