Ralph Lauren names P&G executive Patrice Louvet as CEO
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May 19, 2017 9:08 AM EDT
Credit Suisse lowered its price target on Ralph Lauren (NYSE: RL) to $74.00 (from $78.00) while maintaining a Neutral... More
May 19, 2017 8:30 AM EDT
RBC Capital lowered its price target on Ralph Lauren (NYSE: RL) to $75.00 (from $84.00) while maintaining a Sector Perform rating. RL reported 4Q revenue and EPS of $1.56B and $0.89 compared to estimates of $1.54B and $0.80. The beat came from better than modeled GM... More
May 19, 2017 6:36 AM EDT
Cowen lowered its price target on Ralph Lauren (NYSE: RL) to $78.00 (from $84.00) while maintaining a Market Perform rating, following the company's fourth quarter earnings report.
Analyst John Kernan notes the company delivered adjusted earnings per share results above consensus projections, while revenues were in-line,... More
May 18, 2017 8:05 AM EDT
Ralph Lauren (NYSE: RL) reported Q4 EPS of $0.89, $0.11 better than the analyst estimate of $0.78. Revenue for the quarter came in at $1.57 billion versus the consensus estimate of $1.56 billion.
Full Year Fiscal 2018 and First Quarter Outlook
The full year Fiscal 2018 and first quarter guidance excludes foreign currency impacts, restructuring and other related charges expected to be recorded in connection with the Companys Way Forward plan, and severance-related payments associated with the CEO departure.
For Fiscal 2018, net revenue is expected to decrease 8-9%, excluding the impact of foreign currency. Based on current exchange rates,... More
