Ralph Lauren Q2 FY21 revenue dips 30% to $1.2 bn

Fashion

Ralph Lauren Q2 FY21 revenue dips 30% to $1.2 bn

03 Nov `20

1 min read

Ralph Lauren Corporation, a leading designer of premium lifestyle products, reported 30 per cent revenue decline to $1.2 billion in its second quarter (Q2) fiscal 2021 ended on September 26, compared to revenue of $1.7 billion in same period last year. Company incurred a net loss of $39.1 million compared to net income of $182.1 million in Q2 FY20.

Ralph Lauren Corporation, a leading designer of premium lifestyle products, reported 30 per cent revenue decline to $1.2 billion in its second quarter (Q2) fiscal 2021 ended on September 26, compared to revenue of $1.7 billion in same period last year. Company incurred a net loss of $39.1 million compared to net income of $182.1 million in Q2 FY20.#

“Looking across the first half of the fiscal year, we continued our elevation journey while fast-tracking connected retail and our company-wide digital transformation,” Patrice Louvet, president and chief executive officer at Ralph Lauren, said in a press release.

Ralph Lauren Corporation, a leading designer of premium lifestyle products, reported 30 per cent revenue decline to $1.2 billion in its second quarter (Q2) fiscal 2021 ended on September 26, compared to revenue of $1.7 billion in same period last year. Company incurred a net loss of $39.1 million compared to net income of $182.1 million in Q2 FY20.#

Gross profit for Q2 FY21 fell to $799.4 million (Q2 FY20: $1.0 billion). Company’s operating loss was $20.3 million during the period compared to operating income of $233.1 million in Q2 FY20.

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