Ralph Lauren’s North America woes cloud profit beat

Ralph Lauren’s North America woes cloud profit beat

Ralph Lauren beat Wall Street estimates for quarterly profit on Tuesday, benefiting from higher demand in international markets. However, same-store sales in North America recorded its sixth quarter of decline in the last two years, falling 4 per cent in the fourth quarter ended March 30. Net revenue fell 1.5 per cent to $1.51 billion due to a strong dollar, but beat estimates of $1.48 billion.

Simone
Simone
Top in Business
Get the App