Ralph lauren reports second quarter results

Ralph lauren reports second quarter fiscal 2020 results.q2 revenues grew 1% to $1.7 billion.north america revenue in q2 decreased 1% to $881 million.europe revenue in q2 increased 3% to $480 million on a reported basis and 8% in constant currency.asia revenue in q2 increased 4% to $255 million on a reported basis and 5% in constant currency.sees in q3 of fiscal 2020, company expects net revenue to be about flat in constant currency.sees operating margin for q3 of fiscal 2020 is expected to be flat to down about 20 basis points in constant currency.for fiscal 2020 expects results at low end of revenue growth range, primarily based on intensifying headwinds in hong kong.foreign currency is now expected to negatively impact revenue growth by approximately 130 basis points in fiscal 2020.continues to expect operating margin for fiscal 2020 to increase 40 to 60 basis points in constant currency.operating margin for fiscal 2020 outlook now includes impact of list 4 tariffs from china.foreign currency is expected to negatively impact operating margin by about 20 basis points in fiscal 2020.continues to expect fy fiscal 2020 tax rate to be about 22%, q3 of fiscal 2020 tax rate is estimated at about 21%.ralph lauren - qtrly comparable store sales in asia up 1% & were partly offset by declines in hong kong.q2 earnings per share view $2.39, revenue view $1.69 billion -- refinitiv ibes data.
RL Ratings Summary
RL Quant Ranking