Ralph Lauren: Q1 above estimates
(CercleFinance.com) - Ralph Lauren has reported Q1 adjusted net income that is up 40% at 128 million dollars, or 1.
54 dollar per share, 18 cents above the consensus.
The upmarket clothing company improved its adjusted operating margin by 90 basis points to 11.1%, for sales that are up 3% at 1.4 billion dollars (+1% at constant exchange rates).
For FY 2018-19, at constant exchange rates, the New York based group now expects an adjusted operating margin of 40 to 60 basis points, with revenues that are expected to fall slightly.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
54 dollar per share, 18 cents above the consensus.
The upmarket clothing company improved its adjusted operating margin by 90 basis points to 11.1%, for sales that are up 3% at 1.4 billion dollars (+1% at constant exchange rates).
For FY 2018-19, at constant exchange rates, the New York based group now expects an adjusted operating margin of 40 to 60 basis points, with revenues that are expected to fall slightly.
Copyright (c) 2018 CercleFinance.com. All rights reserved.