Ralph Lauren Expects Higher 1Q, FY20 Revenue

Date : 05/14/2019 @ 2:00PM
Source : Dow Jones News
Stock : Ralph Lauren Corp. (RL)
Quote : 109.39  -1.41 (-1.27%) @ 10:44PM

Ralph Lauren Expects Higher 1Q, FY20 Revenue

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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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