Polo Ralph Lauren Corporation reported net income of $184 million, or $1.90 per diluted share, for the first quarter of Fiscal 2012, compared to net income of $121 million, or $1.21 per diluted share, for the first quarter of Fiscal 2011.
"We are a world-class Company that has been built on quality and timeless design with a long-term view," said Ralph Lauren, Chairman and Chief Executive Officer. "The clarity of our luxury lifestyle positioning runs through all that we do, from design to marketing to our in-store presentations.
We are leveraging this clarity of vision and purpose with an expanding range of merchandise and store environments around the world. We know our customers well and we are committed to offering them the best of the World of Ralph Lauren. The consistency of our approach has supported our strong financial performance and the momentum of our brand worldwide is tremendous," Mr. Lauren added.
"Our outstanding first quarter performance reflects the powerful diversity of our operating strategies across merchandise categories, distribution channels and geographies," said Roger Farah, President and Chief Operating Officer. "Our core apparel products have gained market share and our long-term growth initiatives are on track. We achieved exceptional profit flow through on better-than-expected sales during the first quarter, particularly at our retail segment and in international markets, even as we invest for the future. We enter the Fall and Holiday selling seasons concerned about macroeconomic uncertainty and cost of goods inflation, but we are confident in the strength of our brands, the appeal of our products and the operational discipline of our organization as we navigate through these near-term challenges."
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Polo Ralph Lauren Corporation
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