Reuters logo
3 个月前
Ralph Lauren beats profit estimates as it reins in discounts
2017年5月18日 / 中午12点28分 / 3 个月前

Ralph Lauren beats profit estimates as it reins in discounts

May 18 (Reuters) - Ralph Lauren Corp reported a better-than-expected quarterly profit on Thursday, as the luxury apparel maker reined in discounts and cut inventories in a bid to boost margins.

Shares of the company rose 5 percent in trading before the bell on Thursday.

Ralph Lauren reported a net loss of $204 million, or $2.48 per share in the fourth quarter ended April 1, reflecting a more than $300 million charge related to restructuring and severance pay.

The company posted a net income of $41.3 million, or 49 cents per share, a year earlier.

Excluding items, Ralph Lauren reported a profit of 89 cents per share, beating analysts' average expectation by 11 cents, according to Thomson Reuters I/B/E/S.

Revenue fell 16.3 percent to $1.57 billion in the fourth quarter. (Reporting by Gayathree Ganesan in Bengaluru; Editing by Sai Sachin Ravikumar)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below