×
201
Fashion Jobs
COLUMBIA SPORTSWEAR COMPANY
Indirect Accounts Payable Specialist-ii
Permanent · BENGALURU
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Kulithalai
DMART
Dmart - Circle Manager - Human Resources
Permanent · Nagpur
DMART
Dmart : Senior Officer / Asst. Manager - HR
Permanent · Bhopal
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Davanagere
ASSORT STAFFING SERVICES
Area Sales Manager | Chennai | Only 7+ Yrs in Apparels Apply
Permanent · Chennai
H&M
Head of HR - Tech Location India
Permanent · BENGALURU
H&M
HR Business Partner
Permanent · NEW DELHI
SK APPARELS
Factory Manager - (Vamatex & Smit Terry Looms Factory)
Permanent · Karur
ADIDAS
Senior Specialist - Finance Operations fp&a
Permanent · CHENNAI
ADIDAS
Manager - Gbs Global Strategy Activation
Permanent · CHENNAI
ADIDAS
Senior Manager HR Data
Permanent · CHENNAI
ADIDAS
Profit Protection Specialist
Permanent · GURUGRAM
ADIDAS
Senior Manager - Company Secretary -Aimpl
Permanent · GURUGRAM
L'OREAL GROUP
Product Manager- Kiehl's, Luxury
Permanent · Mumbai
L'OREAL GROUP
Senior Key Account Manager - Ecommerce, Ppd
Permanent · Mumbai
METROPOLIS HEALTHCARE
Territory Sales Manager
Permanent · Guwahati
2COMS
Area Sales Manager Institutional Sales
Permanent · Chennai
POLYCAB
Area Sales Manager - Lhdc - Ludhiana
Permanent · Ludhiana
KOTAK MAHINDRA BANK
Urgently Hiring For Area Sales Manager- Agri
Permanent · Coimbatore
ION EXCHANGE
Area Sales Manager or Assistant Area Sales Manager
Permanent · Vapi
L'OREAL GROUP
Officer / Executive - Sales Planning, l’Oreal Dermatological Beauty Division
Permanent · Mumbai
By
Reuters
Published
Feb 5, 2014
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ralph Lauren lifts sales outlook after strong holiday quarter

By
Reuters
Published
Feb 5, 2014

Designer clothing company Ralph Lauren forecast a strong finish to its financial year after posting a better-than-expected 10 percent rise in third-quarter profit, sending its shares up 9 percent in premarket trading.

The clothier, known for its Polo and Lauren by Ralph Lauren brands, said it expects full-year 2014 revenue to rise 7 percent - the high end of its previously projected range of 5-7 percent.

Ralph Lauren Denim Supply | Source: Ralph Lauren

Ralph Lauren has been opening more of its own stores, mostly in malls, to rely less on its wholesale business, which sells clothes to upscale retailers such as Macy's.

Sales at its retail stores, excluding certain items, rose 10 percent to $1.1 billion, accounting for 55 percent of total revenue in the quarter. Comparable store sales rose 2 percent.

Ralph Lauren, whose portfolio also includes brands such as Club Monaco and Chaps, said wholesale revenue rose 14 percent to $840 million.

Brian Sozzi, chief executive of research firm Belus Capital Advisors, said Ralph Lauren's quarterly performance was surprisingly strong given that apparel margins at other retailers were decimated during the holiday season.

Sozzi said the company's strong core product margins stood out, indicating it was winning market share from rivals.

Ralph Lauren said it expects fourth-quarter sales to rise 10-12 percent, which translates to $1.81-$1.84 billion. Analysts on average expect current-quarter sales of $1.81 billion, according to Thomson Reuters I/B/E/S.

The company's net income rose to $237 million, or $2.57 per share, from $216 million, or $2.31 per share, a year earlier.

Revenue, including licensing revenue, rose 9 percent to $2.01 billion in the quarter ended December 28.

Analysts on average had expected a profit of $2.51 per share on revenue of $2.03 billion.

Ralph Lauren's shares were up 8.3 percent at $167 in premarket trading on Wednesday.

© Thomson Reuters 2023 All rights reserved.