trending Market Intelligence /marketintelligence/en/news-insights/trending/GtlFwwIJWggB54VLucWEsA2 content esgSubNav
In This List

Ralph Lauren fiscal Q2 profit falls YOY

The Cobalt Expansion Drive Is A Copper Story

Podcast

Maritime and Trade Talk | EP12: Oil Price Cap - Implications for Trade and Shipping Risk

Podcast

Maritime and Trade Talk | Episode 11: Trade Outlook - Response To Geopolitical Events

Podcast

Maritime and Trade Talk | E10: Navigating Maritime Risks from an Insurers’ Perspective?


Ralph Lauren fiscal Q2 profit falls YOY

Ralph Lauren Corp. said its normalized net income for the fiscal second quarter ended Sept. 27 came to $1.96 per share, compared with the S&P Capital IQ consensus estimate of $2.05 per share.

In the prior-year period, the per-share result was a profit of $1.97.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $175.0 million, a decrease from $181.3 million in the year-earlier period.

The normalized profit margin fell to 8.8% from 9.5% in the year-earlier period.

Total revenue increased on an annual basis to $1.99 billion from $1.92 billion, and total operating expenses climbed 5.4% on an annual basis to $1.71 billion from $1.62 billion.

Reported net income decreased from the prior-year period to $200.7 million, or $2.25 per share, from $205.6 million, or $2.23 per share.