Ralph lauren sees fy 2020 revenue up 2 to 3 percent

Ralph lauren reports third quarter fiscal 2020 results.q3 adjusted earnings per share $2.86 excluding items.q3 earnings per share $4.41.q3 revenue $1.8 billion.q3 same store sales rose 2 percent.sees fy 2020 revenue up 2 to 3 percent.sees q4 net revenue to be up slightly on both a constant currency and reported basis.north america revenue in q3 increased slightly to $911 million.for fiscal 2020, company expects net revenue growth in range of 2% to 3% on a constant currency basis.foreign currency is expected to negatively impact revenue growth by approximately 110 to 130 basis points in fiscal 2020.foreign currency is expected to negatively impact revenue growth by approximately 50 basis points in q4 2020.europe revenue in q3 increased 3% to $438 million on a reported basis and 5% in constant currency.2020 outlook continues to include impact of tariffs, business disruptions in hong kong.2020 outlook does not include potential impact from coronavirus outbreak in asia.asia revenue in q3 increased 5% to $290 million on both a reported and constant currency basis.operating margin for q4 2020 is expected to be up slightly on both a constant currency and reported basis.ralph lauren - expects operating margin expansion for fiscal 2020 to be at high end of previous guidance of 40 to 60 basis points in constant currency.foreign currency is expected to negatively impact operating margin by about 10 basis points in fiscal 2020.
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