Ralph Lauren FY20: sales decline 2%; net income $348 mn

Fashion

Ralph Lauren FY20: sales decline 2%; net income $348 mn

28 May `20

1 min read

Ralph Lauren Corporation, a leading designer of of premium lifestyle products, reported 2 per cent revenue decrease to $6.2 billion in fiscal year 2020 ended on March 28, 2020 compared to revenue of $6.3 billion in prior year. Net income for the year were $384.3 million (FY19: $430.9 million). Gross profit fell to $3.6 billion ($3.8 billion).

Ralph Lauren Corporation, a leading designer of of premium lifestyle products, reported 2 per cent revenue decrease to $6.2 billion in fiscal year 2020 ended on March 28, 2020 compared to revenue of $6.3 billion in prior year. Net income for the year were $384.3 million (FY19: $430.9 million). Gross profit fell to $3.6 billion ($3.8 billion).#

“From the onset of Covid-19, our teams moved quickly around the world to protect the safety and well-being of our employees, consumers, and communities, while also taking steps to ensure our long-term financial health and bring relevant digital commerce and experiences to our consumers,” Patrice Louvet, president & chief executive officer at Ralph Lauren, said in a press release.

Ralph Lauren Corporation, a leading designer of of premium lifestyle products, reported 2 per cent revenue decrease to $6.2 billion in fiscal year 2020 ended on March 28, 2020 compared to revenue of $6.3 billion in prior year. Net income for the year were $384.3 million (FY19: $430.9 million). Gross profit fell to $3.6 billion ($3.8 billion).#

North America revenues decreased 2 per cent to $3.1 billion. Revenue of Europe were down 3 per cent to $1.6 billion. Asia reported 2 per cent revenue decline to 1.0 billion. 

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