Better-Than-Expected Wholesale Performance Drives Ralph Lauren's Top Line Growth
By DMO Affiliate
Luxury lifestyle company, Ralph Lauren , posted better-than-expected earnings in the fourth quarter of fiscal 2014. The retailer posted year-on-year net revenue growth of 14% for the fourth quarter, helped by a double-digit sales expansion in North America, Europe and Asia. For the full-year, sales grew by 7.3% despite significant investment in growth initiatives and infrastructure, meeting the higher end of the company¯¯¯s guidance of 5-7% growth. Excluding the impact of discontinued businesses and foreign exchange, sales growth for the full year came in at 9%. The outpacing of expectations is attributable to stronger wholesale revenue as the company gained market share in North America and returned to robust growth in Europe.
|Better-Than-Expected Wholesale Performance Drives Ralph Lauren's Top Line Growth|