US fashion company Ralph Lauren reports FY21 revenues of $4.4 bn

Fashion

21 May `21

2 min read

Ralph Lauren Corporation, a US-based leading designer of premium lifestyle products, reported 29 per cent revenues decline to $4.4 billion in its fiscal 2021, ended on March 27, 2021, compared to the revenues of $6.1 billion in the previous fiscal. The company incurred a net loss for the year of $121.1 million (FY20: income $384.3 million).

Ralph Lauren Corporation, a US-based leading designer of premium lifestyle products, reported 29 per cent revenues decline to $4.4 billion in its fiscal 2021, ended on March 27, 2021, compared to the revenues of $6.1 billion in the previous fiscal. The company incurred a net loss for the year of $121.1 million (FY20: income $384.3 million).#

“This has been a year of profound challenge and reflection – both for our company and for communities around the world. For us, it was a reminder of the importance of staying true to our core vision – anchored in the ideas of timelessness and authenticity – while embracing new ways of connecting with people,” Ralph Lauren, executive chairman and chief creative officer, said in a press release.

Ralph Lauren Corporation, a US-based leading designer of premium lifestyle products, reported 29 per cent revenues decline to $4.4 billion in its fiscal 2021, ended on March 27, 2021, compared to the revenues of $6.1 billion in the previous fiscal. The company incurred a net loss for the year of $121.1 million (FY20: income $384.3 million).#

Gross profit for FY21 fell to $2.8 billion ($3.6 billion), while operating loss was $43.6 million (operating profit: $317.0 million).

Ralph Lauren Corporation, a US-based leading designer of premium lifestyle products, reported 29 per cent revenues decline to $4.4 billion in its fiscal 2021, ended on March 27, 2021, compared to the revenues of $6.1 billion in the previous fiscal. The company incurred a net loss for the year of $121.1 million (FY20: income $384.3 million).#

The company’s revenues in North America region dropped 37 per cent to $2.0 billion ($3.1 billion), while in Europe, revenues plunged 29 per cent to $1.2 billion ($1.6 billion). Revenues in Asia grew 1 per cent to $1.0 billion.

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