The US premium lifestyle products company Ralph Lauren (RL) said yesterday that the China market is the company’s biggest growth market. According to the company filings operating income of the fourth quarter fiscal 2019 was 28 million dollars and operating margin was 1,9 %.
In the North American markets the operating income was 109 million dollars and the margin 15,9 %. In Europe the operating income was 98 million dollars and in Asia 38 million dollars. The operating margins were 23,7 % and 14,3 %.
Ralph Lauren said that the Asia revenue with currency growth was up over 30 % in Mainland China and that China is the fastest growing market for the company.
The whole fiscal 2019 net revenues were 6313 million dollars, up from 6182 million dollars year ago. Operating income was 561 million dollars compared to 498 million dollars year ago. The earnings per share was 5,27 dollars (1,97 dollars).
For the first quarter fiscal 2020 guidance net revenue is expected to be 3-5 % and operating margins to show 30-50 basis points increase. For the whole fiscal 2020 net revenue is expected to increase 2-3 % and operating margin 40-60 basis points.
The Group has over 501 global brand stores related to brands Ralph Lauren, Polo Factory and Club Monaco and the company said it is planning to open new stores in Asia and in Europe during the next fiscal year.
Company share price was trading today up 1,52 % to 113,89 dollars in New York. The market cap of Ralph Lauren is 8,9 billion dollars