Ralph Lauren: raises 2019 targets
(CercleFinance.com) - The Ralph Lauren share is expected to rise when Wall Street opens on Tuesday, after the US clothing house raised its annual targets, on the publication of its Q3 results.
Ralph Lauren now expects a 60 basis point increase in its adjusted operating margin (compared with +40 bp to +60 bp previously expected) for the year, along with a "slight increase" in its revenue before FX factors.
Over the past quarter, Ralph Lauren saw his net earnings (in adjusted data) rise from 167 million dollars to 188 million dollars. This corresponds to EPS of 2.32 dollars, compared to 2.03 dollars a year earlier and the consensus of 2.14 dollars.
At 1.7 billion dollars, revenues increased by 5.1% in data reported over the period, and by 6.3% in adjusted data.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Ralph Lauren now expects a 60 basis point increase in its adjusted operating margin (compared with +40 bp to +60 bp previously expected) for the year, along with a "slight increase" in its revenue before FX factors.
Over the past quarter, Ralph Lauren saw his net earnings (in adjusted data) rise from 167 million dollars to 188 million dollars. This corresponds to EPS of 2.32 dollars, compared to 2.03 dollars a year earlier and the consensus of 2.14 dollars.
At 1.7 billion dollars, revenues increased by 5.1% in data reported over the period, and by 6.3% in adjusted data.
Copyright (c) 2019 CercleFinance.com. All rights reserved.