Ralph Lauren Affirms FY23 Revenue Growth Outlook - Update

RTTNews | 1100 dias atrás
Stocktwits
Ralph Lauren Affirms FY23 Revenue Growth Outlook - Update

(RTTNews) - While reporting its financial results for the first quarter on Tuesday, luxury fashion house Ralph Lauren Corp. (RL) affirmed its revenue growth guidance for the full-year 2023. It also provided revenue growth outlook for the second quarter.

For fiscal 2023, the company continues to expect constant currency revenues to increase approximately high single digits, centered around 8 percent.

For the second quarter, the company expects revenue growth to be in a range centered around 11 percent in constant currency. Foreign currency is expected to negatively impact revenue growth by approximately 750 basis points.

On average, analysts polled by Thomson Reuters expect the net sales of $1.58 billion for the quarter and net sales growth of 2.4 percent to $6.37 billion for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Etiquetas: RL
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While reporting its financial results for the first quarter on Wednesday, luxury fashion house Ralph Lauren Corp. (RL) said it expects revenue growth for the second quarter in about low-to mid-single digits from last year on a constant currency basis, centering around 3 to 4 percent.
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RTTNews | 916 dias atrás
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Malaysia Stock Market Tipped To Open In The Green

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The Malaysia stock market has moved higher in seven straight sessions, collecting almost 60 points or 4 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,585-point plateau and it's got a positive lead again for Thursday's trade.
RTTNews | 7 minutos atrás
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Japan Stock Market Has Positive Lead For Thursday

Japan Stock Market Has Positive Lead For Thursday

The Japan stock market had moved higher in six consecutive sessions, advancing more than 3,000 points or 7.3 percent along the way. The Nikkei 225 now sits just above the 43,270-point plateau and it's tipped to open in the green again on Thursday.
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