Ralph Lauren: Q2 EPS down 6%

(CercleFinance.com) - Ralph Lauren reports adjusted EPS (excluding restructuring charges and other exceptional items) of $2.
10 for Q2 2023-24, down 5.8% y-o-y. NB: pmt +1%.

The upmarket fashion house's adjusted operating margin deteriorated 2.9 points to 10.5%, on sales that edged up (+2% at constant exchange rates) to $1.6bn, buoyed by momentum in Asia.

Ralph Lauren has confirmed its annual targets at constant exchange rates of "low single-digit" percentage growth in revenues (+1% to +2%), an improvement in its adjusted operating margin.


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