Ralph Lauren Q2 Adj $2.10 Beats $1.93 Estimate, Sales $1.63B Beat $1.61B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ralph Lauren reported Q2 earnings of $2.10 per share, beating the analyst consensus estimate of $1.93 by 8.81%. However, this is a 5.83% decrease from the same period last year. The company also reported quarterly sales of $1.63 billion, beating the estimate of $1.61 billion by 1.68%, and marking a 3.35% increase from the same period last year.
November 08, 2023 | 1:04 pm
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NEUTRAL IMPACT
Ralph Lauren's Q2 earnings and sales beat estimates, but earnings decreased compared to the same period last year. This mixed result could lead to uncertain market reactions.
Ralph Lauren's earnings beat estimates, which is generally positive for the stock. However, the decrease in earnings compared to the same period last year could be a concern for investors, leading to potential uncertainty in the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100