Ralph Lauren: in the red in Q4

(CercleFinance.com) - The Ralph Lauren share has been up and down in early trading on Wall Street on Wednesday, after the group published an adjusted net loss of 50 million dollars for Q4 2019-20, i.
e. 68 cents per share, compared to adjusted EPS of 1.07 dollar a year ago.

The New York upmarket clothing house saw its sales contract by 15% to 1.3 billion dollars (-14% at constant exchange rates), hit by the Covid-19 crisis and protests in Hong Kong.

Due to the high level of uncertainty and the changing situation around the Covid-19 pandemic, Ralph Lauren has suspended all its targets, expecting that its financial results will be badly hit by the pandemic.


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