Company Earnings Update 3 minutesRegister for Free AccessRalph Lauren (RL) 3Q17 Earnings: CEO Departure Announcement Overshadows 3Q Results Coresight Research February 3, 2017 Executive Summary Ralph Lauren reported 3Q17 adjusted EPS of $1.86, beating the consensus estimate of $1.64. Revenues decreased by 12%, to $1.71 billion from $1.95 billion in the year-ago period, and were in line with guidance. Coinciding with its earnings release, the company announced that CEO Stefan Larsson would depart May 1, 2017. The company maintained its full-year guidance. Consolidated net revenue is expected to decrease at a low-double-digit rate, consistent with the company’s Way Forward plan. Ralph Lauren continues to expect an operating margin of approximately 10% for the full fiscal year. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Three Things You Need To Know: US CPG—The Consumer Health CategoryConsumers Report Strong Financial Health: US Consumer Survey InsightsIntroducing the New “Tech 25”: Retail-Tech Companies To Watch in 2024 and Beyond—InfographicInnovator Profile: Leav—Simplifying In-Store Checkout with Scan & Go
