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Ralph Lauren Reiterates FY23 Revenue Growth Outlook - Update
(RTTNews) - While reporting its financial results for the first quarter on Thursday, luxury fashion house Ralph Lauren Corp. (RL) said it expects revenues to be flat to up slightly in constant currency for the second quarter.
For fiscal 2023, the company also continues to expect constant currency revenues to increase approximately low-single digits to last year.
On average, analysts polled by Thomson Reuters expect a net sales decline of 4.60 percent to $1.63 billion for the quarter and net sales growth of 2.80 percent to $6.62 billion for the year.
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European Stocks Close Mostly Lower After Cautious Session
European stocks closed mostly weak on Monday amid geopolitical tensions, and the Trump administration's announcement of sweeping changes to the H-1B visa regime. Profit warnings by a few major auto companies weighed as well.
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TSX Hits New High, Up Nearly 0.5%; Materials Stocks Rally Again
After moving to a new record high thanks to strong buying in the materials sector, the Canadian market remains fairly well placed in positive territory a little past noon on Monday.
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Kirkland Signature Ahi Tuna Wasabi Poke Sold At Costco Recalled
Western United Fish Co., dba Annasea Foods Group, is recalling around 3,300 pounds of Kirkland Signature Ahi Tuna Wasabi Poke sold at Costco stores due to potential contamination with Listeria monocytogenes, according to the U.S. Food and Drug Administration.
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