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NEW YORK –  High-end accouterment artist and banker Polo Ralph Lauren Corp. on Wednesday said budgetary fourth-quarter balance rose about 36 percent afore ancient items in its budgetary fourth quarter, additional by college revenues and margins.

The aggregation additionally reaffirmed its anticipation for the advancing budgetary year and said it expects second-quarter earnings-per-share advance of 20 percent, as it focuses on distributing high-margin affluence products. 

Although the New York-based aggregation saw a deceleration of retail sales trends, primarily in full-price stores, it said it will abide to advance in full-price retailing. 

“You don’t change your cardinal administration for a concise arrest in the economy,” said industry analyst Jeffrey Edelman of UBS Warburg. 

There are a bound cardinal of administration food that auspiciously retail affluence brands, so the full-price retail abundance is a acceptable alternative, said analyst Carol Murray of Salomon Smith Barney. 

“Short term, there could be some appulse from the customer who seems to be spending added selectively. Longer term, and that is how strategies are about developed, it’s absolutely the appropriate direction,” Murray said. 

Polo said assets for the division concluded March 31 rose to $43.1 million, or 44 cents per adulterated share, excluding restructuring accuse and adopted bill gains. That compared with $31.8 million, or 32 cents, in the agnate division a year earlier. 

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