"I am excited about the growing momentum in our business worldwide and confident in the relevance of our strategies to deliver meaningful shareholder value creation over the long term," Lauren said.
For the current quarter, including holidays, Ralph Lauren said it expected revenue growth of 8 % and 10 % despite the currency situation in two hits.All year round,, Ralph Lauren raised its revenue growth forecast to 5% and 7%, based on its 4% to 7% expectation.
Ralph Lauren Expects High Holiday Sales
New York fashion designer Ralph Lauren Outlet (RL) from 12.5% its quarterly cash dividend to 45 cents a share on Wednesday and said it expected strong sales in key holiday. It also puts forward its full-year sales forecast on the expectation of strong gains during the holiday quarter, and the designer clothing company increased its dividend.
In its most recent quarter, the retailer's net income of $205 million, or $2.23 a share, was down from a year-earlier profit of $214 million, or $2.29 a share. However, it topped average analyst estimates in a Thomson Reuters poll.
Revenue was up 3% to $1.9 billion, matching the Street's view.
CEO Ralph Lauren said the results position the company well for the first half of fiscal in 2015. The dividend increased and the company looks to return more cash to investors.
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