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UPDATE: Ralph Lauren Posts Upbeat FQ2 Profit, Lifts Dividend

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Ralph Lauren (NYSE: RL) reported a drop in its fiscal second quarter profit.

Ralph Lauren's quarterly profit declined to $205 million, or $2.23 per share, versus a year-ago profit of $214 million, or $2.29 per share.

Its total revenue climbed to $1.92 billion from $1.86 billion. However, analysts were expecting a profit of $2.20 per share on revenue of $1.91 billion.

Ralph Lauren now expects full-year sales growth of 5% to 7%, versus its earlier outlook of 4% to 7% growth. It also lifted its quarterly dividend by 12.5%.

Ralph Lauren shares gained 3.62% to $177.39 in pre-market trading.

Posted-In: profitEarnings News Guidance Dividends

 

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