Ralph Lauren: Q2 sales down 30%
(CercleFinance.com) - Ralph Lauren's Q2 sales fell by around 30% as reported (-31% at constant exchange rates) to 1.
2 billion dollars, with declines in all regions due to the impact of COVID-19 pandemic.
In this context, the group's quarterly net loss amounted to 39 million dollars, or EPS of -0.53 dollar, compared with earnings of 182 million dollars a year earlier and an EPS of 2.34 dollars.
Ralph Lauren says a strategic review is underway to support future growth and profitability and to create a sustainable cost structure. In particular, the company plans to reduce its global workforce, generating savings of 180-200 million dollars.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
2 billion dollars, with declines in all regions due to the impact of COVID-19 pandemic.
In this context, the group's quarterly net loss amounted to 39 million dollars, or EPS of -0.53 dollar, compared with earnings of 182 million dollars a year earlier and an EPS of 2.34 dollars.
Ralph Lauren says a strategic review is underway to support future growth and profitability and to create a sustainable cost structure. In particular, the company plans to reduce its global workforce, generating savings of 180-200 million dollars.
Copyright (c) 2020 CercleFinance.com. All rights reserved.