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Ralph Lauren profits ‘exceed expectations’
['Katie Ross']
Drapers
Net revenue was $1.96bn (£1.45bn) for the quarter – up 14% on the same period last year.
By geography, revenue was up 13% to $740.3m in North America, 7% to $594.4m (£441.8m) in Europe, 24%to $589.3m (£438m) in Asia and 4% to $35.8m (£26.2m) in its other “non-reportable segments” (revenues from licensing).
By channel, retail revenue climbed 13% to $1.37bn, while wholesale revenue increased 15% to $554.7m (£412.28m).
The business has increased its outlook, expecting constant-currency revenues to increase 5%-6% for the 2026/27 financial year, “reflecting better-than-expected first-quarter results”.
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