No matter how much we look forward to Ralph Lauren’s growth, we have to admit that the company has projected revenue lower than expected growth in the quarter, despite reporting strong results in the first three months was driven by the strong wholesale sales.
For the current quarter, revenue is expected to grow 3-5 percent, which is much lower than the previous survey expected 10% growth expected by Thomson Reuters analysts. For the current fiscal year, RL the company expects revenue growth of 6% to 8%, an increase of 8 percent, analysts’ forecasts were compared. Shop cheaped Ralph Lauren POLO Outlet – its high-end brands also include Ralph Lauren POLO Outlet and Club Monaco – continue posting strong sales in recent quarters, as consumers have been proven in the luxury goods industry after the recession, more flexible.
Professional company also said Executive Vice President Roger Farah RL company will retire as executive vice-chairman of the company’s position in the end of this month. But he will remain in the Board until August. The company late last year completed a major leadership change, long-term orders No. Mr. Farah leave his original management positions and assume the role of advisor to the Deputy Chairman.
Following the executive vice chairman of retirement, and some other executives will make up the chairman’s office, including the chief executive officer and chief operating officer Ralph Lauren Jackie Nemerov. Period ended March 29, Ralph Lauren reported earnings $ 153 million or $ 1.68 per share, from $ 146 million, or $ 1.47 per share, a year earlier. Analysts had expected earnings per share of $ 1.378. Revenue grew 12 percent to $ 1.67 billion. The company had expected revenue growth of 10% to 12%.
In addition, revenue growth behind it, should be the main driver of the wholesale segment, up 22% to $ 98.7 billion US dollars. The company said that in the development of the United States and Europe on the basis of market segments rally was supported. The total retail sales of social consumer goods grew by 5 percent, to $ 8.45 million US dollars, and shop from international operations and global expansion, boosted the company said. Overall same-store sales fell 2%, or 1%, excluding exchange rate effects.