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 Shares Tumble On Tariff Jitters

European Shares Tumble On Tariff Jitters

European stocks fell sharply on Thursday as investors fretted about the potential repercussions of the new tariffs announced by U.S. President Donald Trump.
RTTNews | 4h 46min ago
Asian Shares Slide On Trade War Concerns

Asian Shares Slide On Trade War Concerns

Asian stocks tumbled on Thursday after U.S. President Donald Trump announced a 10 percent universal tariff on most imported goods along with additional high tariffs on countries the U.S. considers "worst offenders" based on trade deficits and non-tariff barriers.
RTTNews | 5h 8min ago
DAX Down Sharply Despite Coming Off Early Lows

DAX Down Sharply Despite Coming Off Early Lows

German stocks are down sharply Thursday morning due to heavy selling almost across the board as investors react to the U.S. government's announcement of "reciprocal tariffs." The much steeper-than-expected tariffs on US trade partners, has heightened concerns over a global trade war that could destabilize major economies.
RTTNews | 5h 9min ago