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MarketScreener Homepage  >  Equities  >  Nyse  >  Ralph Lauren Corporation    RL

RALPH LAUREN CORPORATION

(RL)
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Ralph Lauren : Price Boosts Push Ralph Lauren Results

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11/08/2019 | 02:48am EST

By Suzanne Kapner

Ralph Lauren Corp. posted higher quarterly profit as the luxury apparel maker pushes through price increases, helping offset some of the rising costs due to tariffs on products imported from China.

The Polo maker has been pulling back on promotions and increasing prices in Asia and Europe. On a conference call Thursday, Chief Executive Patrice Louvet said the company began raising prices slightly at its North American outlet stores in late September, and plans targeted price increases with its wholesale partners and at its own full-line stores starting with its spring 2020 assortments.

Ralph Lauren's shares jumped more than 13% in Thursday trading after the company reported higher-than-expected profit for its fiscal second quarter. Net income was $182.1 million in the three months to Sept. 28, up from $170.3 million a year earlier. The profit growth was driven by higher gross margin and expense control.

Total revenue was $1.71 billion, compared with $1.69 billion a year earlier. North American sales fell 1%, dragged down by a 6% decline in sales to third parties such as department stores.

The company lowered its full-year fiscal guidance slightly, in part due to the protests in Hong Kong. Ralph Lauren stores in the territory were closed for 48 days in the most recent period because of the unrest.

Ralph Lauren executives said they have also mitigated the impact of tariffs by reducing the amount of Chinese goods they import to the U.S. The company's U.S. exposure to China will fall to 22% by the end of this fiscal year, from over 40% two years ago, they said.

Write to Suzanne Kapner at Suzanne.Kapner@wsj.com

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Financials (USD)
Sales 2020 6 379 M
EBIT 2020 754 M
Net income 2020 568 M
Debt 2020 623 M
Yield 2020 2,62%
P/E ratio 2020 14,4x
P/E ratio 2021 12,4x
EV / Sales2020 1,31x
EV / Sales2021 1,14x
Capitalization 7 738 M
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Technical analysis trends RALPH LAUREN CORPORATION
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 123,56  $
Last Close Price 103,71  $
Spread / Highest target 44,6%
Spread / Average Target 19,1%
Spread / Lowest Target -12,3%
EPS Revisions
Managers
NameTitle
Patrice Jean Louis Louvet President, Chief Executive Officer & Director
Ralph Lauren Executive Chairman & Chief Creative Officer
Jane Hamilton Nielsen Chief Operating & Financial Officer. Executive VP
Janet Sherlock Chief Information Officer
Frank Anthony Bennack Lead Independent Director
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