NEW YORK — The potential loss of some of its Polo Ralph Lauren licenses continued to command center stage, despite a 72.3 percent leap in Jones Apparel Group’s first-quarter earnings.
For the three months ended April 5, income skyrocketed to $121.8 million, or 90 cents a diluted share, from $70.7 million, or 53 cents, a year ago. Excluding special charges in the year-ago period, earnings would have risen a more modest 17.2 percent. Revenues rose 9.5 percent to $1.23 billion from $1.13 billion, which included a 9.5 percent gain in sales to $1.23 billion from $1.12 billion and a 13.6 percent spike in licensing income to $7.5 million from $6.6 million.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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