"},"content":{"rendered":"[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text]<\/p>\n
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In the three months to 2 July<\/strong>, the Ralph Lauren<\/strong> Group reported a 25.1%<\/strong> decline in net profit to $123.4 million<\/strong>. However, earnings per ordinary share (EPS) reached $1.88<\/strong> against analysts’ expectations of $1.71<\/strong>.<\/p>\n <\/p>\n Revenue also rose by 8.3%<\/strong> to $1.49 billion<\/strong> against a consensus of $1.4 billion<\/strong>. The results were driven by same-store sales, which rose by 5%<\/strong> in North America<\/strong>, 34%<\/strong> in Europe<\/strong> and 19%<\/strong> in Asia<\/strong>.<\/p>\n <\/p>\n Going forward, Ralph Lauren expects second quarter sales growth to be “centred around”<\/em> 11%<\/strong> against a consensus of 5.4%<\/strong>.<\/p>\n <\/p>\n <\/p>\n Capri Holdings<\/strong>, the group that owns Jimmy Choo, Coach<\/strong> and Michael Kors<\/strong>, among others, saw net profit rise to $215 million<\/strong>, or $1.50<\/strong> per diluted share, from $221<\/strong> million, or $1.42<\/strong> per diluted share, a year earlier.<\/p>\n <\/p>\n Operating income was USD 231 million<\/strong> and operating margin was 17.0%<\/strong>, compared to USD 258 million<\/strong> and 20.6%<\/strong> the previous year.<\/p>\n <\/p>\n Total revenue of USD 1.36 billion<\/strong> increased by 8.5%<\/strong> compared to 2021<\/strong>. On a constant currency basis, total revenue increased by 15.2%<\/strong>.<\/p>\n <\/p>\n “The better than expected results were driven by strong momentum in all three luxury houses, reflecting the strength of our brands. Capri Holdings is positioned to deliver several years of revenue and earnings growth,”<\/em> said John D. Idol, chairman<\/strong> and chief executive officer<\/strong> of Capri Holdings<\/strong>, in a statement.<\/p>\n <\/p>\n <\/p>\n Read also >\u00a0Herm\u00e8s on a very good run in the first half<\/a><\/p>\n <\/p>\n Featured photos : \u00a9 Capri Holdings[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n <\/p>\n In the three months to 2 July<\/strong>, the Ralph Lauren<\/strong> Group reported a 25.1%<\/strong> decline in net profit to $123.4 million<\/strong>. However, earnings per ordinary share (EPS) reached $1.88<\/strong> against analysts’ expectations of $1.71<\/strong>.<\/p>\n <\/p>\n Revenue also rose by 8.3%<\/strong> to $1.49 billion<\/strong> against a consensus of $1.4 billion<\/strong>. The results were driven by same-store sales, which rose by 5%<\/strong> in North America<\/strong>, 34%<\/strong> in Europe<\/strong> and 19%<\/strong> in Asia<\/strong>.<\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\nCapri Holdings performs well in first quarter driven by luxury<\/h2>\n
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Ralph Lauren Group and Capri Holdings reported quarterly results on Tuesday that were well above analysts’ expectations.<\/h4>\n
Ralph Lauren beats consensus<\/h2>\n