Ralph Lauren Corp (RL) Posts Q2 EPS of $2.46, Offers Q3 and FY12 Outlook
Tweet
Share
E-mailGet Alerts RL Hot Sheet
Price: $166.93 -0.76%
EPS Growth %: +84.4%
Financial Fact:
(a) Includes total depreciation expense of:: -70M
Today's EPS Names:
FRSB, DGICA, UXIN, More
EPS Growth %: +84.4%
Financial Fact:
(a) Includes total depreciation expense of:: -70M
Today's EPS Names:
FRSB, DGICA, UXIN, More
Join SI Premium – FREE
Ralph Lauren Corp (NYSE: RL) reported Q2 EPS of $2.46, $0.22 better than the analyst estimate of $2.24. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.84 billion.
In the third quarter of Fiscal 2012, the Company expects consolidated revenues to increase at a low-teens rate. Wholesale revenues are expected to grow at a mid-single digit rate in the third quarter and retail sales are projected to increase by a high-teens rate. The Company expects the operating margin from continuing operations for the third quarter of Fiscal 2012 to be approximately 300 basis points below that in the comparable prior year period, primarily due to cost of goods inflation, channel mix and continued investment in business expansion.
Due to the stronger-than-expected second quarter performance, the Company now expects consolidated revenues for Fiscal 2012 to increase at a high-teens-to-low 20% rate, which compares to a prior expectation of mid-to-high teens growth. The Company has also raised its operating margin outlook for Fiscal 2012. The full year operating margin from continuing operations is now estimated to be down 50 basis points from the prior year period, which compares to a prior expectation of a 50-100 basis point decline and reflects the anticipated impact of cost of goods inflation and continued investment in strategic growth initiatives
In the third quarter of Fiscal 2012, the Company expects consolidated revenues to increase at a low-teens rate. Wholesale revenues are expected to grow at a mid-single digit rate in the third quarter and retail sales are projected to increase by a high-teens rate. The Company expects the operating margin from continuing operations for the third quarter of Fiscal 2012 to be approximately 300 basis points below that in the comparable prior year period, primarily due to cost of goods inflation, channel mix and continued investment in business expansion.
Due to the stronger-than-expected second quarter performance, the Company now expects consolidated revenues for Fiscal 2012 to increase at a high-teens-to-low 20% rate, which compares to a prior expectation of mid-to-high teens growth. The Company has also raised its operating margin outlook for Fiscal 2012. The full year operating margin from continuing operations is now estimated to be down 50 basis points from the prior year period, which compares to a prior expectation of a 50-100 basis point decline and reflects the anticipated impact of cost of goods inflation and continued investment in strategic growth initiatives
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- PTC Therapeutics (PTCT) Tops Q1 EPS by 9c, provides guidance
- Allison Transmission (ALSN) Tops Q1 EPS by 2c, Beats on Revenue; Offers FY24 Revenue Guidance
- The First Of Long Island (FLIC) Misses Q1 EPS by 3c
Create E-mail Alert Related Categories
Earnings, GuidanceSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
