Polo’s profit jumps 41%, helped by Europe
Posted on May 28, 2008
Filed Under Business |
Polo Ralph Lauren Corp. reported Wednesday that its fiscal fourth-quarter profit jumped a better-than-expected 41%, helped by demand in Europe and the launch of the American Living line at J.C. Penney Co. Polo also maintained its full-year profit forecast.
Net income in the quarter ended March 29 rose to $103.5 million, or $1 a share, from $73.2 million, or 68 cents, in the year-earlier period. Shares outstanding fell 3.4% to 103.8 million.
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