The American fashion group Ralph Lauren Corporation once again exceeded expectations in the third quarter of the 2024/25 financial year. On Thursday, the company surprisingly reported significant growth in sales and results and raised its annual forecasts again.
In the three months before December 28, sales reached a height of $ 2.14 billion (2.07 billion euros) and thus exceeded the level of the previous year’s quarter by eleven percent.
The surprisingly clear plus owed the company to solid growth in all market regions. In North America, sales rose by seven percent to $ 998 million, in Europe by 16 percent to $ 604 million and $ 507 million in Asia.
The company raises its sales and result forecasts again
Last but not least, the operational result increased by 23 percent to $ 389.7 million thanks to an improved gross margin. The net profit reached a height of $ 297.4 million (287.1 million euros) and thus exceeded the level of the previous year’s quarter by 7.5 percent.
In view of the surprisingly strong growth, management raised its forecasts for the current financial year. A currency -adjusted sales growth is now expected by six to seven percent. Before that, only an increase of three to four percent had been targeted.
The operational margin is intended to increase for one -off factors and currency effects by around 120 to 160 basis points compared to the previous year. So far, the company had promised an improvement by 110 to 130 basis points.