Ralph Lauren Reports Better Than Expected Second Quarter Fiscal 2023 Results
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Ralph Lauren (RL) rises after topping analyst consensus estimates
November 10, 2022 3:51 PM ESTIn another demonstration that high-end fashion demand has yet to be dented by inflation, Ralph Lauren (NYSE: RL) reported earnings before the open, with profit and revenue topping consensus estimates.
The fashion brand reported fiscal second-quarter earnings of $2.23 per share, $0.16 better than the analyst estimate of $2.07, while revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.56 billion.
Ralph Lauren shares have rallied over 5% during Thursday's... More
Ralph Lauren (RL) Tops Q2 EPS by 16c
November 10, 2022 8:03 AM ESTRalph Lauren (NYSE: RL) reported Q2 EPS of $2.23, $0.16 better than the analyst estimate of $2.07. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.56 billion.
Full Year Fiscal 2023 and Third Quarter Outlook:
The Company's outlook is based on its best assessment of the current macroeconomic environment, including ongoing global supply chain and other inflationary pressures, foreign currency volatility, the war in Ukraine, COVID-19 variants and other COVID-related disruptions. The full year Fiscal 2023 and third quarter guidance excludes restructuring-related and other net charges, as described in... More
