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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 | |
---|---|---|---|---|---|---|---|---|
0.02 | 0.01% | 166.66 | 168.45 | 165.6811 | 167.91 | 729,705 | 01:00:00 |
By Kimberly Chin
Ralph Lauren Corp. (RL) said it expects full-year revenue to rise 2% to 3% on a constant-currency basis.
For the fiscal year 2020, the company expects operating margin to expand by 40 to 50 basis points in constant-currency terms.
Revenue for the current quarter is expected to grow 3% to 5% in constant-currency terms, with a boost from the Easter holiday, the company said.
Ralph Lauren also expects first-quarter operating margin to increase by 30 to 50 basis points on a constant-currency basis.
Shares of the company rose 1.6% in premarket trading.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
May 14, 2019 08:45 ET (12:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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