Ralph Lauren Expects Higher 1Q, FY20 Revenue
May 14 2019 - 9:00AM
Dow Jones News
By Kimberly Chin
Ralph Lauren Corp. (RL) said it expects full-year revenue to
rise 2% to 3% on a constant-currency basis.
For the fiscal year 2020, the company expects operating margin
to expand by 40 to 50 basis points in constant-currency terms.
Revenue for the current quarter is expected to grow 3% to 5% in
constant-currency terms, with a boost from the Easter holiday, the
company said.
Ralph Lauren also expects first-quarter operating margin to
increase by 30 to 50 basis points on a constant-currency basis.
Shares of the company rose 1.6% in premarket trading.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
May 14, 2019 08:45 ET (12:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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