The net revenues for the full Fiscal Year increased 13 percent to $3.75 billion compared to $3.31 billion in Fiscal 2005, driven by strong increases in retail sales and wholesale sales. Fiscal 2006 revenues reflect the acquisition of Polo Jeans in the fourth quarter and footwear in the second quarter.
Net income for the fourth quarter was $63 million compared to net income of $23 million for the fourth quarter of Fiscal 2005. Fiscal Year 2006 net income was $308 million compared to net income of $190 million for Fiscal Year 2005.
Wholesale sales in the fourth quarter were $574 million, up 6 percent, compared to $543 million in the fourth quarter last year. The increase came primarily from the inclusion of Polo Jeans and footwear, the launch of Chaps for women and boys, and increased sales in Lauren and in our full-price menswear business.
Retail sales were $335 million in the fourth quarter, up 15 percent, compared to $292 million in the fourth quarter last year, reflecting increases in all of our retail formats.
Total company comparable store sales increased 3.0 percent, reflecting an increase of 1.2 percent at Ralph Lauren stores, 10.6 percent at Club Monaco stores and 2.8 percent in our factory stores. Polo.com revenues increased 73 percent.
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.
Polo Ralph Lauren Corporation
marketing@alchempro.com
