Ralph Lauren Reveals Revenue Increase of 182%, Returns to Q1 Earnings

Revival of the Polos?

Fashion 
17,685 Hypes 6 Comments

Ralph Lauren Corporation has divulged its earnings for the 2021 year, sharing that Q1, the company’s revenue jumped up by 182 percent to $1.4 billion USD.

In North America, the company saw its revenues rise 301 percent to $662 million USD with its comparable-store sales also showing a growth of 176 percent. It appears that this year, Ralph Lauren’s brick and mortar stores found their groove as it reported a 278 percent increase and a 51 percent increase in e-commerce. In its entirety, North America’s wholesale revenue increased to $250 million USD compared to the $23 million USD rise it saw in the previous year in the same period.

On the other hand, Ralph Lauren’s revenue in Europe increased just by 194 percent to $355 million USD. In retail, the company achieved a comparable-store sale of 98 percent where brick and mortar stores rose 154 percent and e-commerce increased by 23 percent. Asia had the lowest growth of Ralph Lauren, only seeing a revenue increase of 68 percent to $288 million USD.

With the promising revenue increase for Ralph Lauren so far this year, the company has announced that it expects to increase its revenues by 20 percent to 22 percent by Q2 of 2022.

In other fashion news, Kiko Kostadinov has tapped artist YAMANTAKA EYE for a three-piece capsule.

Read Full Article

What to Read Next

Ralph Lauren Exceeds Q4 Earnings Expectations With International Revenue Increases
Fashion 

Ralph Lauren Exceeds Q4 Earnings Expectations With International Revenue Increases

The company received an adjusted net income of $28 million USD.

Ralph Lauren Launches Made-to-Order Polo Program
Fashion

Ralph Lauren Launches Made-to-Order Polo Program

Available in six styles with 24 color combinations.

Polo Ralph Lauren Teams with MLB For Expansive Collection
Fashion

Polo Ralph Lauren Teams with MLB For Expansive Collection

Inspired by Ralph Lauren’s lifelong love of baseball, the offerings spotlight the Yankees, Dodgers, Cubs and Cardinals.


Ralph Lauren Reveals Team USA's Tokyo Olympics Closing Ceremony Uniform
Sports

Ralph Lauren Reveals Team USA's Tokyo Olympics Closing Ceremony Uniform

The Games are set to begin on July 23.

Jorja Smith Shares Amapiano-Inspired New Single "All Of This"
Music

Jorja Smith Shares Amapiano-Inspired New Single "All Of This"

Her first release since ‘Be Right Back.’

Marvel Drops New Featurette for 'Shang-Chi and the Legend of the Ten Rings'
Entertainment

Marvel Drops New Featurette for 'Shang-Chi and the Legend of the Ten Rings'

The team plays “Who’s most likely to…”

Nike Introduces a "Peace, Love, Swoosh" Pack
Footwear

Nike Introduces a "Peace, Love, Swoosh" Pack

A wholesome kids-exclusive collection.

Kanye West and JAY-Z May Release 'Watch the Throne 2' in Late 2021
Music

Kanye West and JAY-Z May Release 'Watch the Throne 2' in Late 2021

According to Ye’s creative, Justin Laboy.

Quentin Tarantino Says His Dream “Good Movie” Would Cast Adam Driver as Rambo
Entertainment

Quentin Tarantino Says His Dream “Good Movie” Would Cast Adam Driver as Rambo

Sharing his thoughts as he heads into his final film before retirement.


YEEZY Gap Launches U.S. Release of Red Round Jacket
Fashion

YEEZY Gap Launches U.S. Release of Red Round Jacket

Accompanying the ‘DONDA’ album launch event.

FX and Hulu Drop Official Trailer for 'Y: The Last Man' TV Series Adaptation
Entertainment

FX and Hulu Drop Official Trailer for 'Y: The Last Man' TV Series Adaptation

Set to premiere on September 13.

Disney World Previews Extremely Pricey 'Star Wars’ Hotel in New Trailer
Travel

Disney World Previews Extremely Pricey 'Star Wars’ Hotel in New Trailer

Getting ready for blast off in 2022.

New Study Highlights Adverse Harm of Smoking E-Cigarettes and Traditional Cigarettes Together
Entertainment

New Study Highlights Adverse Harm of Smoking E-Cigarettes and Traditional Cigarettes Together

83 percent of e-cigarette users also smoke regularly.

The Weeknd Debuts Brand New Single "Take My Breath"
Music

The Weeknd Debuts Brand New Single "Take My Breath"

The beginning of a new era.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.