Polo Ralph Lauren, the retailer of its namesake brand clothing, fell the most in more than two and a half years after it reported a 36 percent decline in quarterly profit, missing analysts’ estimates.

Net income in the fourth quarter ended April 2 fell to $73.2 million, or 74 cents a share. Analysts in a Bloomberg survey had estimated 79 cents a share on average.

Polo and the rest of the apparel industry are facing higher overheads because of rising cotton prices and increased pay for workers who make clothes in Asia.

Polo fell $14.69, or 11 percent, to $114.70.

Revenue climbed 6.7 percent to $1.43 billion from a year earlier, when the company reported net income of $114.1 million, according to the statement.