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.
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.