July 31, 2018 / 12:14 PM / 4 months ago

Ralph Lauren's quarterly profit rises 83 percent

July 31 (Reuters) - Ralph Lauren Corp on Tuesday posted a quarterly profit that soared 83 percent, as the luxury apparel maker sold more products at full-price and benefited from lower taxes.

The New York-based company’s net income jumped to $109 million, or $1.31 per share, in the first quarter ended June 30, from $59.5 million, or 72 cents per share, a year earlier.

Revenue rose to $1.39 billion from $1.35 billion, the first increase in at least 13 quarters. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Bernard Orr)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below