Ralph Lauren Reports First Quarter Fiscal 2023 Results
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Ralph Lauren (RL) Tumbles Despite Resilient Demand as 'Guidance Pressured'
August 9, 2022 1:22 PM EDTRalph Lauren (NYSE: RL) shares tumbled Tuesday despite posting earnings before the open, topping earnings and revenue estimates as consumer demand for luxury items continues to remain elevated.
Ralph Lauren reported fiscal first-quarter earnings of $1.88, $0.17 better than the analyst estimate of $1.71, with revenue for the quarter coming in at $1.5 billion versus the consensus estimate of $1.4 billion.
Ralph Lauren reiterated its full-year fiscal 2023 outlook,... More
Ralph Lauren (RL) Tops Q1 EPS by 17c
August 9, 2022 8:02 AM EDTRalph Lauren (NYSE: RL) reported Q1 EPS of $1.88, $0.17 better than the analyst estimate of $1.71. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.4 billion.
Full Year Fiscal 2023 and Second Quarter Outlook:
The Company's outlook is based on its best assessment of the current macroeconomic environment, including ongoing global supply chain and inflationary pressures, foreign currency volatility, the war in Ukraine, COVID-19 variants and other COVID-related disruptions. The full year Fiscal 2023 and second quarter guidance excludes restructuring-related and other net charges, as described in the "Non-U.S.... More
