Polo Ralph Lauren (RL) Tops Q1 View By 4c; Comp Sales Down 15.9%

May 27, 2009 8:08 AM EDT
Polo Ralph Lauren (NYSE: RL) reports Q1 EPS of $0.44, 4 cents better than the analyst estimate of $0.40. Revenue for the quarter was $1.22 billion, versus the consensus of $1.09 billion.

Polo Ralpha Lauren comparable store sales declined 15.9%, reflecting a 29.3% reduction at Ralph Lauren stores, an 8.8% reduction at factory stores and a 20.8% reduction at Club Monaco stores. RalphLauren.com sales increased 12% in the fourth quarter of Fiscal 2009.

UPDATE: Click here to see some highlights from the company's Q1 conference call.

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