Ralph Lauren Corporation (NYSE:RL) is expected to report second quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.90 per share from revenue of $ 1213.40 million.
Looking ahead, the full year income are expected at $ 1.63 per share on the revenues of $ 4603.18 million.
Previous Quarter Performance
Ralph Lauren Corporation posted loss for the first quarter of $ 1.82 per share, from the revenue of $ 487.50 million. The quarterly revenues down 65.61 percent compared with the same quarter last year. Wall street analysts are predicting, RL to report 1Q21 loss of $ 1.72 per share from revenue of $ 615.02 million. The bottom line results missed street analysts by $ 0.1 or 5.81 percent, at the same time, top line results fell short of analysts by $ 127.52 million or 20.73 percent.
Stock Performance
Shares of Ralph Lauren Corporation traded low $ -0.17 or -0.23 percent on Wednesday, reaching $ 74.30 with volume of 1.88 million shares. Ralph Lauren Corporation has traded high as $ 75.10 and has cracked $ 72.16 on the downward trend
According to the previous trading day, closing price of $ 74.30, representing a 24.49 % increase from the 52 week low of $ 59.82 and a 41.95 % decrease over the 52 week high of $ 128.29.
The company has a market capital of $ 5.43 billion and is part of the Consumer Cyclical sector and Apparel Manufacturing industry.
Conference Call
Ralph Lauren Corporation will be hosting a conference call at 9:00 AM eastern time on 29th October 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ralphlauren.com
Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of mens, womens, and childrens clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, umbrellas, and belts, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances. It sells apparel and accessories under the Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Golf Ralph Lauren, Ralph Lauren Golf, RLX Ralph Lauren, Polo Ralph Lauren Children, Chaps, Club Monaco, and other brand names; womens fragrances under the Ralph Lauren Collection, Woman by Ralph Lauren, Romance Collection, Ralph Collection, and Big Pony Womens brand names; and mens fragrances under the Polo Blue, Safari, Purple Label, Polo Red, Polo Green, Polo Black, Polo Supreme, Polo Sport, and Big Pony Mens brand names.
