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Ralph Lauren fiscal Q1 profit falls 43.8% YOY

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Ralph Lauren fiscal Q1 profit falls 43.8% YOY

4157135 said its normalized net income for the fiscal first quarter ended June 27 came to 96 cents per share, compared with the S&P Capital IQ consensus estimate of 99 cents per share.

EPS fell 42.0% year over year from $1.66.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $84.4 million, a decline of 43.8% from $150.0 million in the prior-year period.

The normalized profit margin dropped to 5.2% from 8.8% in the year-earlier period.

otal revenue fell 5.3% year over year to $1.62 billion from $1.71 billion, and total operating expenses rose year over year to Ralph Lauren Corp..