Ralph Lauren Reports Better Than Expected Q3 Results
<p><a href='https://financialmodelingprep.com/financial-summary/RL'>Ralph Lauren (NYSE:RL)</a> reported its Q3 results on Thursday, with EPS of $3.35 coming in better than the Street estimate of $2.92. Revenue was $1.83 billion, beating the consensus estimate of $1.76 billion, as there was continued demand for their high-end clothing and accessories. This came as a surprise amid expectations of wealthy customers reducing their spending on luxury items.</p>
<p>On the margin front, the gross profit margin was roughly in line with Street forecasts and was down 80 bps year-over-year as FX pressure offset better pricing, product mix elevation, and lower air freight expenses.</p>

NYSE:RL