Ralph Lauren Profit Tops Estimates; But Sales And Guidance Trail Views

Mani

Published onMay 23, 2013

Updated on May 13, 2021

Ralph Lauren Corp (NYSE:RL) said Thursday its fiscal fourth quarter profit rose 35 percent while its revenue missed Street expectations and the retailer offered a weak guidance for the year and current quarter.

The apparel maker announced that its fiscal fourth quarter profit rose to $127.2 million, or $1.37 a share, from $94.4 million, or 99 cents, a year earlier. However it could barely enhance its revenue in the quarter ended March 30 as its revenue could rise only 1 percent to $1.6 billion. Ralph Lauren earlier predicted mid-single-digit...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Ralph Lauren Profit Tops Estimates; But Sales And Guidance Trail Views

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