Ralph Lauren Corp (RL) Tops Q2 EPS by 3c
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Price: $158.46 +0.72%
EPS Growth %: +84.4%
Financial Fact:
Total other costs and expenses: -878M
Today's EPS Names:
MAXN, CSTR, ACU, More
EPS Growth %: +84.4%
Financial Fact:
Total other costs and expenses: -878M
Today's EPS Names:
MAXN, CSTR, ACU, More
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Ralph Lauren Corp (NYSE: RL) reported Q2 EPS of $2.23, $0.03 better than the analyst estimate of $2.20. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.91 billion.
* Wholesale Sales. Wholesale segment sales grew 1% to $928 million in the second quarter of Fiscal 2014. Wholesale revenue growth was primarily a result of the contribution from the newly transitioned Chaps men’s sportswear operations and continued growth for certain core North American merchandise categories. A planned reduction in shipments to certain European customers and lower Japanese wholesale sales partially mitigated wholesale revenue growth during the quarter.
* Retail Sales. Retail sales rose 5% to $944 million from $901 million in the second quarter last year, reflecting the incremental contribution from new stores, including newly transitioned Australia/New Zealand operations; growth for e-commerce operations worldwide; and comparable store sales growth in constant currency that was partially offset by the net negative impact of foreign currency translation. Excluding the impacts of discontinued businesses and foreign currency effects, retail sales increased 8% from the prior year period. Consolidated comparable store sales declined 1% on a reported basis and were up 1% in constant currency during the second quarter.
* Licensing. Licensing revenues of $43 million in the second quarter were 6% below the prior year period, primarily due to lower Chaps licensing revenues as a result of the men’s sportswear license take-back.
For earnings history and earnings-related data on Ralph Lauren Corp (RL) click here.
* Wholesale Sales. Wholesale segment sales grew 1% to $928 million in the second quarter of Fiscal 2014. Wholesale revenue growth was primarily a result of the contribution from the newly transitioned Chaps men’s sportswear operations and continued growth for certain core North American merchandise categories. A planned reduction in shipments to certain European customers and lower Japanese wholesale sales partially mitigated wholesale revenue growth during the quarter.
* Retail Sales. Retail sales rose 5% to $944 million from $901 million in the second quarter last year, reflecting the incremental contribution from new stores, including newly transitioned Australia/New Zealand operations; growth for e-commerce operations worldwide; and comparable store sales growth in constant currency that was partially offset by the net negative impact of foreign currency translation. Excluding the impacts of discontinued businesses and foreign currency effects, retail sales increased 8% from the prior year period. Consolidated comparable store sales declined 1% on a reported basis and were up 1% in constant currency during the second quarter.
* Licensing. Licensing revenues of $43 million in the second quarter were 6% below the prior year period, primarily due to lower Chaps licensing revenues as a result of the men’s sportswear license take-back.
For earnings history and earnings-related data on Ralph Lauren Corp (RL) click here.
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