US fashion firm Ralph Lauren rebounds in Q1; N America sales jump 300%

Fashion

04 Aug `21

2 min read

On the grounds of strong performance across North America and Europe, the American fashion company Ralph Lauren Corporation has bounced back with 182 per cent growth in revenue to $1.4 billion during first quarter (Q1) of FY22 ended on June 26, 2021, against same period of prior fiscal. North America’s revenue mounted 301 per cent to $662 million ($165 million).

On the grounds of strong performance across North America and Europe, the American fashion company Ralph Lauren Corporation has bounced back with 182 per cent growth in revenue to $1.4 billion during first quarter (Q1) of FY22 ended on June 26, 2021, against same period of prior fiscal. North America`s revenue mounted 301 per cent to $662 million.#

“Our timeless brand is resonating strongly with consumers around the world, and the breadth of our lifestyle portfolio is enabling us to deliver products that meet evolving consumer tastes and demand as we progressively emerge from the pandemic,” Patrice Louvet, president and chief executive officer at Ralph Lauren Corporation, said in a press release.

On the grounds of strong performance across North America and Europe, the American fashion company Ralph Lauren Corporation has bounced back with 182 per cent growth in revenue to $1.4 billion during first quarter (Q1) of FY22 ended on June 26, 2021, against same period of prior fiscal. North America`s revenue mounted 301 per cent to $662 million.#

Gross profit for Q1 FY22 was $968.1 million ($348.7 million), while operating income jumped to $220.6 million (operating loss: $168.0 million). The company’s net income improved to $164.7 million (loss: $127.7 million).

On the grounds of strong performance across North America and Europe, the American fashion company Ralph Lauren Corporation has bounced back with 182 per cent growth in revenue to $1.4 billion during first quarter (Q1) of FY22 ended on June 26, 2021, against same period of prior fiscal. North America`s revenue mounted 301 per cent to $662 million.#

With 154 per cent rise in brick-and-mortar stores sales and 23 per cent increase in online sales, Europe registered total revenues of $355 million in Q1, up 194 per cent against prior year. Furthermore, revenues from Asia climbed 68 per cent to $288 million.

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