Ralph Lauren Profit Tops Estimates; But Sales And Guidance Trail Views – ValueWalk Premium

Ralph Lauren Profit Tops Estimates; But Sales And Guidance Trail Views

Ralph Lauren Corp (NYSE:RL) said Thursday its fiscal fourth quarter profit rose 35 percent while its revenue missed Street expectations and the retailer offered a weak guidance for the year and current quarter.

The apparel maker announced that its fiscal fourth quarter profit rose to $127.2 million, or $1.37 a share, from $94.4 million, or 99 cents, a year earlier. However it could barely enhance its revenue in the quarter ended . . .

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