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Ralph Lauren<\/strong> does not fall through the cracks. While it forecasts sales well below expectations for the current quarter, investors are sanctioning the stock. A drop in revenues<\/strong> that shows a more general slowdown in luxury spending on the American continent<\/strong>.<\/p>\n <\/p>\n Ralph Lauren, which typically accounts for almost half of its annual revenue in the US, is seeing a 10% decline in quarterly sales in the country<\/strong>, including declines in wholesale orders, department stores and apparel retailers.<\/p>\n <\/p>\n On the other hand, demand in China has resumed almost normally<\/strong>, after the end of the restrictions. The brand saw its sales jump by 50% in the first quarter<\/strong>, boosting revenues in the Asia region by 13% to $378 million.<\/p>\n <\/p>\n Over the first three months of its fiscal year, the group realized a net profit of $132 million or $1.96 per security<\/strong>, compared to a profit of $123 million in 2022.<\/p>\n <\/p>\n Adjusted profit per share was $2.34, with net sales up slightly (+1%) to $1.5 billion.<\/p>\n <\/p>\n Ralph Lauren expects stability as well as a small increase in its second quarter revenues against a 3.3% increase expected by the market.<\/p>\n <\/p>\n For the full year 2024, the company also expects revenues to grow moderately with an operating margin up by about 30 to 50 points (at constant exchange rates).<\/p>\n <\/p>\n Read also >Chanel, Armani, Ralph Lauren: luxury goods sales slow in the United States<\/a><\/p>\n