Ralph lauren corporation provides earnings guidance for the third quarter and full year of fiscal 2020; announces impairment of assets for the second quarter ended september 30, 2019

Ralph lauren corporation provided earnings guidance for the third quarter and full year of fiscal 2020. for fiscal 2020, the company continues to expect net revenue growth of 2% to 3% on a constant currency basis but now expects results at the low end of this range, primarily based on intensifying headwinds in hong kong.in the third quarter of fiscal 2020, the company expects net revenue to be about flat in constant currency.the company announced impairment of assets for the second quarter ended september 30, 2019. for the quarter, the company reported the impairment of assets of $6.1 million compared to $9.8 million a year ago.
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