Home Street Fashion Global apparel companies report mixed performance in Q2 FY24

Global apparel companies report mixed performance in Q2 FY24

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In the second quarter of FY24, three global apparel firms reported mixed results.
Ralph Lauren saw moderate growth with revenues increasing by 3 per cent and Gunze’s sales dipped by 5.7 per cent, though profits grew.
Conversely, Goldwin reported strong performance, with both sales and profits up, driven by high demand and improved efficiency.In the second quarter of FY24, three global apparel firms reported mixed results.
Ralph Lauren saw moderate growth with revenues increasing by 3 per cent and Gunze’s sales dipped by 5.7 per cent, though profits grew.
Conversely, Goldwin reported strong performance, with both sales and profits up, driven by high demand and improved efficiency.