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POLO
RALPH LAUREN CORPORATION
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SECURITY: RL (Common)
EXCHANGE: London Stock Exchange (DGE) New York Stock Exchange
Polo Ralph Lauren Corporation
is a leader in the design, marketing and distribution of premium lifestyle
products in four categories: apparel, home, accessories and fragrances.
For 35 years, Polo's reputation and distinctive image have been consistently
developed across an expanding number of products, brands and international
markets. The Company's brand names, which include "Polo," "Polo by Ralph
Lauren," "Ralph Lauren Purple Label," "Polo Sport," "Ralph Lauren," "RALPH,"
"Lauren," "Polo Jeans Co.," "RL," "Chaps," and "Club Monaco" among others,
constitute one of the world's most widely recognized families of consumer
brands.
http://www.ralphlauren.com/
Polo
Ralph Lauren Reports Third Quarter Fiscal 2007 Results
-- Third Quarter FY 2007 Net Sales Up 15%
-- Operating Income Increased 28% in the Third Quarter FY 2007
-- Earnings Per Share Rose 23% in the Third Quarter FY 2007
NEW
YORK--(BUSINESS WIRE)--Feb. 7, 2007--Polo Ralph Lauren Corporation (NYSE:
RL) today reported net income of $111 million, or $1.03 per diluted share,
for the third quarter of Fiscal 2007, compared to net income of $91 million,
or $0.84 per diluted share, for the third quarter of Fiscal 2006, an approximate
22% increase in net income and a 23% increase in earnings per share.
Net
revenues for the third quarter increased 15% to $1.14 billion, compared
to $996 million in the third quarter last year. Excluding the impact of
the Polo Jeans acquisition, net revenues increased 10%. Operating income
increased 28% to $184 million, compared to $144 million last year. Operating
income as a percent of revenue improved 170 basis points to 16.1%, from
14.4% last year, reflecting both expanded gross profit rates and expense
leverage.
Net
revenues for the first nine months increased 18% to $3.26 billion, compared
to $2.77 billion last year. Excluding the impact of the Polo Jeans and
footwear acquisitions, net revenues increased 12%. Operating income for
the first nine months increased 33% to $533 million, compared to $401 million
in the same period last year. Operating income as a percent of revenue
improved 190 basis points to 16.3%, from 14.4% in the same period last
year. For the first nine months of Fiscal 2007, net income was $328 million,
or $3.04 per diluted share, compared to net income of $246 million, or
$2.30 per diluted share for the comparable period last year, a 33% increase
in net income and a 32% increase in earnings per share.
"I
am exhilarated by the continued success of our company and the positive
responses to our overall strategy and direction. We feel there is a clear
path of growth for the future. Our focus on the world of luxury gives us
endless opportunities to develop further movement in the men's, women's,
children's, and home categories. We are constantly creating and refining
new lines - Rugby, Lauren, childrenswear - all of which are doing well
and growing rapidly," said Ralph Lauren, Chairman and Chief Executive Officer.
Polo
Ralph Lauren Reports Third Quarter Fiscal 2006 Results; Third Quarter Revenues
Up 10%; Operating Income Increased 24%
NEW
YORK, Feb 07, 2006 (BUSINESS WIRE) -- Polo Ralph Lauren Corporation (NYSE:
RL) today reported net income of $91 million, or $0.84 per diluted share,
for the third quarter of Fiscal 2006 compared to net income of $75 million,
or $0.72 per diluted share, for the third quarter of Fiscal 2005.
Net
revenues for the third quarter of Fiscal 2006 increased 10% to $995 million
compared to $902 million in the third quarter last year. Operating income
increased 24% to $144 million compared to $116 million in the third quarter
last year. Operating income as a percent of revenue improved 150 basis
points to 14.4%.
For
the first nine months of Fiscal 2006, net income was $246 million, or $2.30
per diluted share, compared to net income of $167 million, or $1.61 per
diluted share for the comparable period last year. Net revenues for the
first nine months increased 15% to $2.775 billion, compared to $2.403 billion
for the same period last year. Operating income for the first nine months
increased 55% to $401 million compared to $258 million in the same period
last year. Operating income as a percent of revenue improved 370 basis
points to 14.4%.
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