Ralph Lauren: good start to fiscal year.

(CercleFinance.com) - Ralph Lauren's fiscal Q1 accounts, which were released before Wall Street opened on Tuesday, included EPS of 72, against a loss of 27 cents a year earlier early.


Excluding extraordinary items, EPS of the US clothing brand reached 1.11 dollar, 16 cents above the consensus.

However, revenues declined 13%, although were in line with the consensus of 1.3 billion dollars.

Note that Ralph Lauren does not expect there to be any improvement in its business. On the contrary, the group forecasts revenues to fall by between 9% and 10% for the current quarter. For the full year, it forecasts sales to fall by between 8% and 9%.


Copyright (c) 2017 CercleFinance.com. All rights reserved.