WWD.com/beauty-industry-news/financial/polo-revenues-leap-in-second-quarter-1038451/
government-trade
government-trade

Polo Revenues Leap in Second Quarter

Polo Ralph Lauren on Wednesday posted second quarter results that jumped 31.5 percent to $137 million.

Polo Ralph Lauren on Wednesday posted second quarter results that jumped 31.5 percent to $137 million, or $1.28 a diluted share, from $104.2 million, or 97 cents, in the same year-ago period.

Revenues rose 13.6 percent to $1.17 billion from $1.03 billion, which included a 14.3 percent gain in wholesale sales to $659.9 million and a 14.8 percent rise in retail sales to $444.6 million.

“We are one of the healthiest and fastest growing fashion luxury businesses today. The key to our continued success is our focus, whether it is product and or how we operate our business. And our growth comes from our commitment to consistency that stays true to a single point of view,” said Ralph Lauren, chairman and chief executive officer, in a statement.


For complete coverage see tomorrow’s issue of WWD.