Ralph Lauren Corp. (RL) reported fourth quarter adjusted EPS of $1.41 Thursday morning, which topped the consensus estimate of $1.30. Net revenues grew to $1.64 billion from $1.62 billion in the same quarter last year, but missed the consensus estimate of $1.70 billion.
The company expects first quarter consolidated revenues to increase at a low-single-digit percentage, while analysts currently expect revenues to grow 8.6 percent. For fiscal 2014, consolidated revenues are expected to increase by about 4 to 7 percent, implying revenues between $7.22 billion and $7.43 billion. The consensus estimate is for revenues of $7.63 billion.
Ralph Lauren gapped open sharply lower Thursday, but recovered some ground in early trade, before settling into a range. The stock finished down by 4.37 at $183.69 on above average volume. Ralph Lauren dipped to a 1-week low.
For comments and feedback: editorial@rttnews.com