Saturday , January 23 2021

Ralph Lauren's revenue and sales are ahead of expectations, but shares are down 6%



Ralph Lauren Corp.

RL + 2.07%

reported a net fiscal income in the second quarter of $ 170.3 million, or $ 2.07 per share, from $ 143.8 million, or $ 1.75 per share, last year. Excluding costs related to restructuring and other, EPS was $ 2.26. Sales amounted to 1.69 billion dollars, from 1.66 billion dollars. The FactSet consensus was for the EPS at USD 2.16 and sales at USD 1.65 billion. Sales in North America increased by 1%, and sales in Asia increased by 13% in this quarter. However, sales in Europe fell by 1% in the quarter. Ralph Lauren's shares fell by 6.4% on Tuesday's market turnover, but gained 32% for the whole year. S & P 500 index

SPX + 0.56%

increased by 2.4% by 2018.

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