Both Polo Ralph Lauren Corp. and Kenneth Cole Productions Inc. posted profits for their respective quarters.
Polo Ralph Lauren said income for the first quarter ended July 3 jumped 57.3 percent to $120.8 million, or $1.21 a diluted share, from $76.8 million, or 76 cents, a year ago. Total revenues were up 12.7 percent to $1.15 billion from $1.02 billion.
Kenneth Cole posted second-quarter income of $937,000, or 5 cents a diluted share, for the three months ended June 30 against a $3.3 million loss, or 18 cents a share, last year. Total revenues gained 15 percent to $108 million from $93.9 million.
For the complete story, see Thursday’s WWD.