In the first quarter of the current fiscal, the US-based apparel retailer Ralph Lauren noted increase in its net revenue for the quarter under review at around US $ 95 million. In the review period, gross profit was US $ 969 million and gross profit margin was 59.8 per cent.
Ralph Lauren, Chairman and Chief Executive Officer of the company said, “We are making the right strategic decisions and investments to support the future growth of the Company. I am confident that our new organizational structure will allow us to make our already powerful brands even stronger, and the investments we are making today will create significant value for shareholders over the long term.”
Founded in 1967, Ralph Lauren Corporation designs, markets and sells men’s, women’s and children’s apparel, accessories, and home furnishings.
