Ralph Lauren (RL) Misses Q1 EPS by 10c
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Ralph Lauren Reports First Quarter Fiscal 2021 Results
August 4, 2020 8:01 AM EDTStrengthened Balance Sheet and Liquidity with Over $2.7 Billion in Cash & Investments and Continued Expense Reduction Actions First Quarter Revenues Were $487 Million Reflecting Adverse Impact from COVID-19 Ralph Lauren Digital Comp Sales Accelerated to 13% Growth, with Digital Operating Margin Expanding More than 1,000 Basis Points to Last Year First Quarter Average Unit Retail Increased 25% driven by Geographic and Retail Channel Mix Shifts and Ongoing Brand Elevation and Quality of Sale Initiatives; Underlying AUR Up High-Single-Digits
NEW YORK--(BUSINESS WIRE)-- Ralph Lauren Corporation (NYSE: RL), a global... More
