Ralph Lauren Polo (NYSE:RL)
Historical Stock Chart
3 Months : From Apr 2019 to Jul 2019
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 email@example.com
(END) Dow Jones Newswires
May 14, 2019 08:45 ET (12:45 GMT)
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