Ralph Lauren Delivers 2Q18 Top and Bottom-Line Beat
Ralph Lauren (RL) reported its 2Q18 results on November 2, 2017, for the period ended September 30, 2017.
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Ralph Lauren cruised ahead of Wall Street analysts’ top and bottom-line expectations during the quarter. The adjusted profit per share rose 4.7% YoY (year-over-year) to $1.99—$0.10 more than the expectations. The total revenue fell 8.6% YoY to $1.66 billion and beat the consensus by $18 million. Ralph Lauren hasn’t missed analysts’ top and bottom-line expectations in the last seven quarters.
In Part 2 through Part 5 of this series, we’ll discuss the company’s performance in 2Q18.
Ralph Lauren is covered by 21 analysts who rate the stock as a three on a scale of one (strong buy) to five (strong sell). Its peers PVH (PVH), VF Corp (VFC), and Hanesbrands (HBI) have better ratings of 1.9, 2.5, and 2.3, respectively. In Part 6 of this series, we’ll discuss analysts’ recent actions on Ralph Lauren.
The PowerShares Russell Midcap Pure Value Portfolio (PXMV) invests 1.1% of its holdings in Ralph Lauren.