Ralph Lauren Reports Second Quarter Fiscal 2017 Results and Maintains Its Fiscal 2017 Outlook
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Ralph Lauren (RL) Tops Q2 EPS by 19c
November 10, 2016 8:03 AM ESTRalph Lauren (NYSE: RL) reported Q2 EPS of $1.90, $0.19 better than the analyst estimate of $1.71. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.82 billion.
Wholesale Revenue. In the second quarter of Fiscal 2017, wholesale segment revenue decreased 10% on both a reported and constant currency basis to $831 million, driven by a decline in North America, as shipments were strategically reduced as part of the Way Forward plan. This was partially offset by an increase in Europe.Retail Revenue.... More