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: Innovator Profile: Drop Facilitates Seamless and Scalable Selling on Social MediaNRF 2024: Retail’s Big Show Wrap-Up—Leveraging Tech To Evolve the Retail Experience and Improve EfficiencyLuxury Clothing and Footwear Sector To Gain Share of the Total US Apparel Market in 2023 and BeyondThe True Cost of Apparel Returns: Alarming Return Rates Require Loss-Minimization Solutions
