Polo Ralph Lauren Earnings: Here’s Why the Stock is Falling Now
Polo Ralph Lauren Corp. (NYSE:RL) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 3.75%.
Polo Ralph Lauren Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 42.42% to $1.41 in the quarter versus EPS of $0.99 in the year-earlier quarter.
Revenue: Rose 1.24% to $1.64 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Polo Ralph Lauren Corp. reported adjusted EPS income of $1.41 per share. By that measure, the company beat the mean analyst estimate of $1.3. It missed the average revenue estimate of $1.7 billion.
Quoting Management: “We achieved record sales and profit levels in Fiscal 2013,” said Ralph Lauren, Chairman and Chief Executive Officer. “Our relentless focus on innovation and our commitment to superior craftsmanship continued to build our global customer base. We have an exciting next few years ahead of us, especially as we grow our global store network and e-commerce platforms to showcase the full scope of our brand portfolio and lifestyle sensibilities.”
Key Stats (on next page)…