While Ralph Lauren registered solid growth across all major fronts in 3Q12, we believe analyzing the results geographically presents a much clearer picture.
During the third quarter, sales from both U.S. wholesale and retail segments expanded at double-digit rates. Along with continued momentum in men's and children's apparel, newer merchandise categories such as Denim & Supply and Home also contributed handsomely to Ralph Lauren's domestic business. Another trend which emerged strongly during the holiday season was the emergence of e-business as a solid contributor to company's net sales. Sales in this channel rose by a substantial 30%, with newer platforms such as mobile phones and tablets accounting for 20% of the traffic to RalphLauren.com and nearly 10% of the sales.
Europe's tough macro-economic conditions were the major source of concern for the market before Q3 earnings release as the continent represents a major chunk to Ralph Lauren's wholesale business. While the company faced some headwinds in Europe resulting in margin pressure, Ralph Lauren registered a double digit increase in European wholesale business hinging primarily on gains made in accessories, specifically handbags, footwear and apparel products. Additionally,Burglar walks away with canadagoosesalecheap from Summit home. a recently launched e-commerce platform in several European countries found good traction among its European consumers during the third quarter.
Ralph Lauren carried its momentum forward in Asia also this quarter, banking on growth in South Korea and Japan. While Ralph Lauren registered solid double digit increases in its Japanese comps, its South Korean business once again was a major growth driver for the company's retail business. Taking a cue from Q2 and Q3 results, we believe South Korea is one of the key luxury markets for Ralph Lauren considering both strong local demand and heavy inflow of Chinese tourists.Thirty pages into the book laptopbagfactory has not done anything recently.
What to expect going ahead
In addition to the solid Q3 earnings release,The following are some of the steps included in buying coachhandbags.my wife's gift for my mom was authenticmonclerjackets . Ralph Lauren also increased its revenue expectations for fiscal 2012 from its prior expectation of high teens to approximately 20% growth. The company plans to increase its product range internationally, with a high focus on higher margin product categories such as accessories. In its earnings call,Never retail for lessthan $250 Moreover if the bestvalentinohandbags claimsthewatch is Tag Aquaracer 20082 on saleor . the company seemed upbeat regarding its Ralph Lauren handbag and small leather good lines for the spring season.
In addition to its fiscal 2012 topline growth forecast, Ralph Lauren also expects operating margin to be around the same level or marginally below the prior-year level. Looking ahead we expect the company to gain from the decline in cotton prices, which should improve the margins in its apparel business. Additionally, the growth in e-commerce, higher margin product categories and expansion in international markets should also benefit Ralph Lauren's overall margins in the next quarter.
During the third quarter, sales from both U.S. wholesale and retail segments expanded at double-digit rates. Along with continued momentum in men's and children's apparel, newer merchandise categories such as Denim & Supply and Home also contributed handsomely to Ralph Lauren's domestic business. Another trend which emerged strongly during the holiday season was the emergence of e-business as a solid contributor to company's net sales. Sales in this channel rose by a substantial 30%, with newer platforms such as mobile phones and tablets accounting for 20% of the traffic to RalphLauren.com and nearly 10% of the sales.
Europe's tough macro-economic conditions were the major source of concern for the market before Q3 earnings release as the continent represents a major chunk to Ralph Lauren's wholesale business. While the company faced some headwinds in Europe resulting in margin pressure, Ralph Lauren registered a double digit increase in European wholesale business hinging primarily on gains made in accessories, specifically handbags, footwear and apparel products. Additionally,Burglar walks away with canadagoosesalecheap from Summit home. a recently launched e-commerce platform in several European countries found good traction among its European consumers during the third quarter.
Ralph Lauren carried its momentum forward in Asia also this quarter, banking on growth in South Korea and Japan. While Ralph Lauren registered solid double digit increases in its Japanese comps, its South Korean business once again was a major growth driver for the company's retail business. Taking a cue from Q2 and Q3 results, we believe South Korea is one of the key luxury markets for Ralph Lauren considering both strong local demand and heavy inflow of Chinese tourists.Thirty pages into the book laptopbagfactory has not done anything recently.
What to expect going ahead
In addition to the solid Q3 earnings release,The following are some of the steps included in buying coachhandbags.my wife's gift for my mom was authenticmonclerjackets . Ralph Lauren also increased its revenue expectations for fiscal 2012 from its prior expectation of high teens to approximately 20% growth. The company plans to increase its product range internationally, with a high focus on higher margin product categories such as accessories. In its earnings call,Never retail for lessthan $250 Moreover if the bestvalentinohandbags claimsthewatch is Tag Aquaracer 20082 on saleor . the company seemed upbeat regarding its Ralph Lauren handbag and small leather good lines for the spring season.
In addition to its fiscal 2012 topline growth forecast, Ralph Lauren also expects operating margin to be around the same level or marginally below the prior-year level. Looking ahead we expect the company to gain from the decline in cotton prices, which should improve the margins in its apparel business. Additionally, the growth in e-commerce, higher margin product categories and expansion in international markets should also benefit Ralph Lauren's overall margins in the next quarter.
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