Ralph Lauren Q4 profits rise 120.2 percent

American maker of premium lifestyle products Ralph Lauren said on Wednesday its Q4 net profit for 2018 rose. Revenues declined by 2.3 percent from the same period last year.

The company’s net profit for Q4 2018 was 41.3 million US dollars, up from -204 million US dollars a year earlier. Revenues fell to 1529 million US dollars. The profit margin of the company rose to 2.7 percent compared to -13 percent a year ago.

Ralph Lauren Corporation was founded in 1967 by Ralph Lauren and is based in New York, United States. For 50 years, through a family of labels such as Ralph Lauren, Polo Ralph Lauren and Club Monaco among others, Ralph Lauren is globally known for its premium lifestyle products in four categories: Apparel, home, accessories, and fragrances.

Offering apparel, home, accessories, fragrances, the United States-listed company has 23300 employees worldwide and operates more than 200 own stores.

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