Ralph Lauren Posts Rosy Quarterly Report

It expects single-digit percentage gains in fiscal 2015 revenue

ralph_lauren_185During its fiscal third quarter, Ralph Lauren (RL) beat Wall Street earnings and sales forecasts. Despite the good news, Ralph Lauren shares fell about 3% in Wednesday morning trading.

Ralph Lauren posted a quarterly profit of $237 million, up 9.7% over the year-ago period. EPS came in at $2.57 a share, topping the $2.51 a share expected by analysts. Revenue at Ralph Lauren rose 9.2% over the prior-year quarter to $2.02 billion, which narrowly surpassed analyst estimates of $2.01 billion, Bloomberg noted.

3 Fashion and Apparel Stocks to Sell Now
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Fiscal 2015 revenue for Ralph Lauren is expected to climb by a high single-digit percentage, a company official noted during a conference call discussint he quarter results.

American athletes at the 2014 Winter Olympic Games in Sochi, Russia, will wear official team uniforms produced by Ralph Lauren during the Games’ opening ceremonies.

RL stock has fallen more than 6% over the past year. RL stock closed at $154.18 a share on Tuesday.

Article printed from InvestorPlace Media, https://investorplace.com/2014/02/ralph-lauren-posts-rosy-quarterly-report/.

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