Ralph Lauren: Q2 above expectations
(CercleFinance.com) - Ralph Lauren has reported Q2 adjusted net income that is up 13% at 186 million dollars, or 2.
26 dollars per share, 11 cents above the consensus.
The New York based upmarket clothing company improved its adjusted operating margin by 50 basis points to 13.9%, for revenue that is up 1.6% at 1.7 billion dollars (+2.1% at constant exchange rates).
For full-year 2018-19, at constant exchange rates, the group confirms that it expects an adjusted operating margin that is up 40-to-60 basis points, for revenues that are now expected to be flat or up slightly, against a previous forecast of a slight fall.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
26 dollars per share, 11 cents above the consensus.
The New York based upmarket clothing company improved its adjusted operating margin by 50 basis points to 13.9%, for revenue that is up 1.6% at 1.7 billion dollars (+2.1% at constant exchange rates).
For full-year 2018-19, at constant exchange rates, the group confirms that it expects an adjusted operating margin that is up 40-to-60 basis points, for revenues that are now expected to be flat or up slightly, against a previous forecast of a slight fall.
Copyright (c) 2018 CercleFinance.com. All rights reserved.