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Ralph Lauren Separates Itself From Peers, Reports Better-Than-Expected Q4 Results

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Ralph Lauren Separates Itself From Peers, Reports Better-Than-Expected Q4 Results

Retailers and nearly every company involved in the related sector have seen their stocks get punished this week following a poor string of earnings results. However, Ralph Lauren Corp (NYSE: RL) appears to be a standout following the release of its fourth-quarter results.

Ralph Lauren reported Thursday that it earned $0.88 per share in the fourth quarter on revenue of $1.9 billion. Wall Street analysts were expecting the company to earn $0.83 per share on revenue of $1.86 billion.

Net income for the quarter fell to $74 million from $124 million a year ago, as the quarter's results were negatively impacted by restructuring and other charges related to an ongoing brand reorganization.

Related Link: Macy's Worst Results Since Recession Could Signal Tough Road Ahead

Retail sales for the quarter rose 7 percent on a constant currency basis in the quarter, but wholesale sales in the quarter fell 5 percent on a constant currency basis.

Ralph Lauren also noted that it will provide first-quarter and full-fiscal year 2017 guidance during its Investor Day presentation, which is scheduled for June 7.

"We have made great progress over the past few months in developing our long-term growth strategy," said Stefan Larsson, president and chief executive officer. "Immediately following the comprehensive assessment work we undertook after I arrived at the Company, we started developing our new strategic plan and building the foundation to start executing. We are looking forward to sharing the plan at our Investor Day on June 7th. We are confident that our new strategic plan will strengthen the brand, drive sustainable profitable sales growth and deliver shareholder value."

 

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