Ralph Lauren up Nearly 4% on Strong Q4 Results
Ralph Lauren Corp (NYSE: RL) is trading higher on the session following its Q4 earnings announcement. The company reported an EPS of $0.99 vs $0.83 estimates and revenues of $1.62 billion vs $1.60 billion estimates. Ralph Lauren also doubled its dividend to $0.40 per share.
Ralph Lauren, Chairman and Chief Executive Officer stated: “Fiscal 2012 was another year of spectacular growth for our Company. We made significant progress with our international expansion efforts and we launched exciting new products during the year. I am thrilled with the momentum we are gaining with our handbags worldwide and we will continue to invest in innovation and distribution to support this high growth merchandise category."
Ralph Lauren is currently trading at $151.82, a gain of $5.52 or 3.77%.
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