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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Ralph Lauren Corporation | NYSE:RL | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 169.57 | 6 | 09:09:38 |
From May 2019 to May 2024
By Kimberly Chin
Ralph Lauren Corp. (RL) said profit fell 23% in the fourth quarter as the company had a higher tax expense compared with a benefit in the comparable quarter a year ago, as well as higher restructuring costs and other charges.
The retailer posted a profit of $31.6 million, or 39 cents a share, compared with $41.3 million, or 50 cents a share, a year earlier. Analysts polled by Refinitiv were expecting earnings of 17 cents a share.
Adjusted earnings were $1.07 a share, above analysts' expectations of 90 cents a share.
Net revenue for the quarter fell 1.6% to $1.51 billion from the year prior. Analysts were expecting revenue of $1.48 billion.
Comparable-store sales rose 1% excluding currency fluctuations. Analysts polled by Consensus Metrix had expected a 1.2% increase.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
May 14, 2019 08:37 ET (12:37 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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