Ralph Lauren (RL) Tops Q2 EPS by 54c, Revenues Miss
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Ralph Lauren Reports Second Quarter Fiscal 2021 Results
October 29, 2020 8:01 AM EDTMaintained Balance Sheet Strength and Liquidity with $2.4 Billion in Cash and Investments and Continued Expense Reductions and Inventory Discipline Second Quarter Revenues Were $1.2 Billion Reflecting Continued Recovery from COVID-19-Related Impacts, Led by Chinese Mainland Returning to Pre-COVID Growth Rates Second Quarter Average Unit Retail Increased 26% Driven by Ongoing Brand Elevation and Favorable Geographic and Channel Mix Shifts Announced Restructuring Actions to Position the Company for Future Growth, Beginning with Organizational Realignment and Transition of Chaps Brand to a Fully Licensed Business
NEW YORK--(BUSINESS WIRE)-- Ralph Lauren... More
