Clothing designer Polo Ralph Lauren Corporation has announced that it is raising its guidance for the first quarter of fiscal 2007 based on stronger worldwide demand for its products with increased full-price sell throughs both at the Company's retail stores and at better department and specialty stores.
Based on preliminary quarterly results, the company expects consolidated revenue growth to be in the mid twenties percent compared to last year's first quarter. In addition, it expects operating margins to be 200 to 300 basis points higher than the comparable quarter last year.
Previously, the company had indicated that consolidated revenue growth would range from the high teens to low twenties percent and that operating margins would be slightly lower than the first quarter of Fiscal 2006. Both current and prior guidance includes the impact of acquisitions made since the comparable quarter last year.
The company intends to address full year guidance on August 8 when it releases its first quarter Fiscal Year 2007 results for the period ended July 3, 2006 at approximately 7:00 a.m. At 9:00 a.m. Eastern, on the same day, it will host a conference call for analysts, investors and other interested parties.
Listeners may access a live broadcast of the conference call on the company's investor relations website at http://investor.polo.com.
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 more than 38 years, Polo's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets.
Polo Ralph Lauren Corporation
marketing@alchempro.com
