Polo Ralph Lauren (RL) Reports Q1 EPS of $1.21; Comps Up 7%; Raises FY11 Sales Growth Outlook

August 4, 2010 8:04 AM EDT
Polo Ralph Lauren Corporation (NYSE: RL) reports Q1 EPS of $1.21, versus the analyst estimate of $0.89. Revenue for the quarter was $1.2 billion, which compares to the estimate of $1.14 billion.

Comps up 7%.

Sees Q2 sales to be up at a high single-digit rate.

Raises its FY11 sales growth outlook to a mid-to-high single-digit percentage.

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