During a conference call with investors following the earnings release, Roger Farah, president and chief operating officer, said the company is seeing ongoing weakness in Italy, Spain and southern Europe.

WSJ: Ralph Lauren's 3Q profit up 27 pct

"Our better-than-expected profitability in the fourth quarter and full year fiscal 2013 periods is a direct result of the strong operational management of our global teams, " Roger Farah, president and chief operating officer, said in a statement.

WSJ: Ralph Lauren's 4Q profit rises 35 pct