The US group Ralph Lauren brilliantly closed the first quarter of the 2012 fiscal year (which began in April). Net income up to 184,1 million dollars, which means a price of 1,90 dollars per share. The increase compared to last year, when the securities issued by the group were worth 1,21 dollars for a net profit of 120,8 million, is significant and amounts to 57%. Revenues grew 32% to $1,53 billion. Global revenue increased to $1,49 billion from $1,12 billion a year ago. It beat analysts' estimates for revenue of $1,41 billion and earnings of $1,44 a share.
The apparel group therefore revised its full-year guidance upwards. A comment on the company's accounts comes from the mouth of the president and chief operating officer, Roger Farah: “We enter the fall post-holiday selling season. We are concerned about macroeconomic uncertainty and the cost of inflation, but are confident in the strength of our brands."
