RL Ralph Lauren Corporation

By Aisha Al-Muslim

Ralph Lauren Corp. (RL) delivered results in line with overall expectations, with better than expected operating margin and double-digit EPS growth

The New York-based company reported Tuesday a profit for the fiscal 2020 first quarter of $117 million, or $1.47 a share, up from $109 million, or $1.31 a share, a year earlier.

Excluding restructuring-related and other charges, adjusted earnings were $1.77 a share, above the $1.66 a share analysts polled by FactSet were expecting.

Revenue rose 3% to $1.43 billion, within range of the consensus forecast of $1.42 billion. The higher revenue was driven by positive results across regions, including North America, Europe and Asia.

Total Ralph Lauren same-store sales rose 2%, above the 1% FactSet estimate.

Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com

(END) Dow Jones Newswires

July 30, 2019 08:37 ET (12:37 GMT)

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