Ralph Lauren Has Suffered A Setback In Share Prices This Year.
In the 2015 fiscal year ended March 28th, the group net profit decreased by 9.5% to 702 million US dollars per annualized year, and 776 million US dollars in the 2014 fiscal year, and the earnings per share declined from 8.43 US dollars to US $7.88.
Net revenues totaled $7 billion 620 million, up 2.3% from the previous year's $7 billion 450 million.
Excluding exchange rate gains, the increase was 4%.
Wholesale income was basically flat at $3 billion 490 million in the previous year, and retail revenue increased by 4.2% to $3 billion 956 million, mainly supported by e-commerce and new store expansion.
Same store sales
A decrease of 1% was recorded, excluding 1% of the increase in exchange rate.
Gross margins fell 40 basis points to 57.5%.
Ralph Lauren Corp. (NYSE:RL) disclosure is affected by the rise in the US dollar.
income
The net profit fell by 19% in the fourth quarter, but the group also announced a $500 million increase in the value of the buyback.
As of Wednesday afternoon, Ralph Lauren Corp. (NYSE:RL) suffered a sharp setback of up to 3.7%.
In the four quarter ended March 28th, group net profit fell 19% to 124 million US dollars, or earnings per share, 1.41 US dollars, a net profit of US $153 million last year, or US $1.68 per share. The adjusted earnings per share after the exchange rate were $1.69, much higher than the market expectation of US $1.32.
Net revenue was promoted by wholesale business and e-commerce, increasing by 1.1% to 1 billion 885 million US dollars per year, which was in line with market expectations. The growth rate was 6.5% after excluding exchange rate effect. Wholesale income increased by 2.4% to 1 billion 3 million dollars, retail income fell 0.5% to 841 million dollars, and same store sales fell by 4%, excluding 1% after the exchange rate effect.
Group expects the first quarter of fiscal year 2016
Net revenue
Excluding exchange rate effects, it will remain unchanged in the same period in fiscal 2015, and the market is expected to be US $1 billion 702 million.
Net annual revenue is expected to grow at a median figure after excluding exchange rate effect, with a market forecast of $7 billion 660 million.
At the time of the deadline, Ralph Lauren Corp. (NYSE:RL) reported a decrease of 2.73% from 129.57 US dollars, which has fallen by 30% in 2015.
The gross profit margin for the quarter was 55.4%, down 80 basis points from 56.2% in the same period last year, mainly due to a more intense discount environment.
As of the end of fiscal year 2015, the group has 466 direct outlets and 536 counters in the world, and 143 and 259 Ralph Lauren and Polo discount stores in the direct outlets, and the other 64 belong to the Club Monaco brand.
In addition, the group has authorized 72 Ralph Lauren and 119 Club Monaco partners.
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