Ralph Lauren expects 2-3% growth in revenues for 2020

The US premium lifestyle designer Ralph Lauren (RL) expects its net revenue to increase 2-3 % in the fiscal 2020. According to the company release the estimate is now at the lower range due to the unrest in Hong Kong.

Ralph Lauren said its net revenue increased to 1,7 billion dollars during the second quarter fiscal 2020 ending Septemberg 2019. In North America the revenue was nearly the same, 881 million dollars, while in Europe the revenue increased to 480 million dollars and in Asia to 255 million dollars. A year earlier the revenues were 464 million and 244 million dollars respectively.

The company has 1170 stores globally and the amount increased by average 50 stores globally during the period. The increase was mainly in Asia and in Europe.

The operating income increased by 11% to 233 million dollars and net income to 182 million dollars (170 million dollars).

Business Finance