On the evening of August 7th, American fashion group Ralph Lauren released its first quarter results for the fiscal year 2025. In the three months ending June 29th, the group's revenue increased by 1% to $1.51 billion, operating profit increased by 26% to $210 million, and gross profit margin increased by 1.5 percentage points to 70.4%.
Divided by region, the first quarter revenue in the US market decreased by 4% to $610 million, while same store sales increased by 1%, making it the only market with a decline in revenue. This was mainly due to weak wholesale business. Revenue in the European market increased by 6% to $480 million, same store sales increased by 8%, revenue in the Asian market increased by 4% to $390 million, and same store sales increased by 9%.
The group stated that the revenue growth in the Chinese market was in the high single digits during the period, and the strong growth in the Asian and European markets where China is located offset the negative impact of the weak US market.