(Filed Under Financial and General Interest News). Ralph Lauren reported a net income of $105 million ($1.05 per diluted share) for the third quarter of their fiscal year 2009.
This is a decrease from their third quarter net income results for fiscal year 2008, which totaled $113 million ($1.08 per diluted share.)
Net revenues were $1.25 billion compared with $1.27 billion during the same period last fiscal year, a one percent decrease, which the company attributed to a decline of seven percent in retail sales (from $589 million last year to $547 million this year). Wholesale sales increased five percent, up to $655 million from $627 million during last year's third quarter. Licensing royalties declined nine percent to $50 million from $55 million, which the company attributed to "a decline in Japanese licensing revenues associated with the company assuming direct control of certain product categories in Japan more than offset higher domestic product licensing revenues."
The company also reported that net income for the first nine months of fiscal year 2009 was $362 million from $316 million in the comparable period last fiscal year, a 14 percent increase, with net income per diluted share $3.56 compared with $2.99, a 19 percent increase.see more
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