The luxury goods group Ralph lauren UK. Ralph lauren shares in pre-market trading on Friday once slid 7.2% to $141.01, because its are given in the first quarter and full year results expected to disappoint the market.
Group expects the current as of the end of June in the first quarter of fiscal 2015 revenue growth for 3-5%, well below analysts' expectations of 10%, its operating profit margin will fall than the same period last year, 300-350 basis points; Full-year revenue growth between 6-8%, analysts' expectations for 8%, operating profit margin will be falling than the 2014 fiscal year 75-125 basis points, group plans to transfer 4-500 million dollars this year to continue the development of the global retail network and infrastructure, and increase advertising and marketing costs.
On March 29, 2014 in the fourth quarter of fiscal 2014, the group income rose 13.6% to $1.87 billion by year, $1.83 billion more than analysts expected, but same-store sales fell 2% due to the cold weather in North America and Easter delay. Wholesale business sales increased 23.4% to $983 million, the retail business increased 5% to $845 million. Operating profit recorded growth of 24%, to $255 million, operating profit margin increase by 90 basis points to 12%; Net profit of $153 million, $127 million, up 20.5% from the same period a year earlier, the diluted earnings per share, up from $1.37 to $1.68, $1.63 higher than analysts' expectations.
With Ralph lauren UK, Polo and Club Monaco and other high-end and luxury brand Ralph lauren Corp., for the past few quarters have been posted strong sales growth, but about the prospect of expected often maintain at a low level, make investors feel frustrated. As of Thursday, Ralph Lauren Corp., its decline this year to 14%, while the s&p 500 index has gained 1.5%.
Group revenue rose 7.3% to $7.45 billion on a yearly basis, same-store sales were flat with the previous year. Wholesale business sales increased 11.1% to $3.486 billion, the retail business increased 4.8% to $3.798 billion. Operating margins fell 106 basis points to 15.2%; Net profit of $776 million, according to the year increased by 3.5%, diluted earnings per share, up from $8.00 to $8.00.
By the fourth quarter at the end of the group's global retail retail network has 433 stores, in 138 for Ralph Lauren, 60 rooms for Club Monaco, and 235 Polo factory shop, the other is equipped with 503 brand counters, group's international franchise partner operates 64 Ralph Lauren stores, specialty stores between 9 and 106 Club Monaco stores.
Ralph Lauren Corp., Ralph Lauren group also announced, executive vice President Roger Farah retires in the end of may, September officially retired from the board of directors. Since group members, the chairman of the office will include the group's chairman and chief executive of Ralph Lauren, President and chief operating officer, Jacki Nemerov, executive vice President and chief executive and chief financial officer Chris Peterson and Ralph Lauren UK luxury President Valerie Hermann.
Roger Farah has spent the past 13 years is Ralph Lauren Corp., Ralph Lauren group's second in command, as is also the position of President and chief operating officer, until last November he decided to let group daily operation management work, become a consultant role, executive vice President. Speculation that the age of 60, Roger Farah exit Ralph lauren UK. Not long after leaving retail, is likely to join other company bear important positions.
Ralph Lauren Corp., opening at $144.18 on Friday than the closing price of $151.99 on Thursday, fell 5.14%, late decline narrowed to about 2%.
