Ralph Lauren Maintains FY23 Revenue Growth Outlook - Update

RTTNews | 875 days ago
Ralph Lauren Maintains FY23 Revenue Growth Outlook - Update

(RTTNews) - While reporting its financial results for the second quarter on Thursday, luxury fashion house Ralph Lauren Corp. (RL) maintained its revenue growth guidance for the full-year 2023. It also provided revenue growth outlook for the third quarter.

For fiscal 2023, the company continues to expect constant currency revenues to increase approximately in the high-single digits, or about 8 percent. Foreign currency is now expected to negatively impact revenue growth by approximately 730 basis points.

For the third quarter, the company expects revenue growth in the low- to mid-single digits in constant currency. Foreign currency is expected to negatively impact revenue growth by approximately 780 basis points.

On average, analysts polled by Thomson Reuters expect the net sales of $1.80 billion for the quarter and net sales growth of 1.6 percent to $6.32 billion for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Ralph Lauren Reiterates FY25 Revenue Growth Outlook - Update

Ralph Lauren Reiterates FY25 Revenue Growth Outlook - Update

While reporting its financial results for the first quarter on Wednesday, luxury fashion house Ralph Lauren Corp. (RL) said it expects revenue growth for the second quarter in about low-to mid-single digits from last year on a constant currency basis, centering around 3 to 4 percent.
RTTNews | 239 days ago
Ralph Lauren Reiterates FY24 Revenue Growth Outlook - Update

Ralph Lauren Reiterates FY24 Revenue Growth Outlook - Update

While reporting its financial results for the third quarter on Thursday, luxury fashion house Ralph Lauren Corp. (RL) said it expects revenue growth to be in a range centered around 2 percent in constant currency to last year.
RTTNews | 420 days ago
Ralph Lauren Reaffirms FY23 Revenue Growth Outlook - Update

Ralph Lauren Reaffirms FY23 Revenue Growth Outlook - Update

While reporting its financial results for the third quarter on Thursday, luxury fashion house Ralph Lauren Corp. (RL) said it expects revenues to increase mid- to high-single digits in constant currency for the fourth quarter. Including last year's 53rd week, the Company expects reported revenue to increase 1% to 2% in constant currency to last year.
RTTNews | 784 days ago
Ralph Lauren Affirms FY23 Revenue Growth Outlook - Update

Ralph Lauren Affirms FY23 Revenue Growth Outlook - Update

While reporting its financial results for the first quarter on Tuesday, luxury fashion house Ralph Lauren Corp. (RL) affirmed its revenue growth guidance for the full-year 2023. It also provided revenue growth outlook for the second quarter.
RTTNews | 968 days ago
European Economic News Preview: German Factory Orders Data Due

European Economic News Preview: German Factory Orders Data Due

Factory orders and construction Purchasing Managers' survey results from Germany are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders figures for February. Orders are forecast to grow 3.4 percent on a monthly basis, in contrast to the 7.0 percent decrease in January.
RTTNews | 4h 18min ago
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Friday, following the broadly negative from Wall Street overnight, with some of the major markets being closed, as traders continue to assess the impact of the steeper-than-expected reciprocal tariffs imposed by US President Donald Trump on U.S. trade partners. Asian markets ended mostly lower on Thursday.
RTTNews | 4h 56min ago
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, adding to the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling almost 2 percent to stay just above the 7,700 level, with weakness across most sectors led by energy and technology stocks.
RTTNews | 5h 39min ago