Ralph Lauren Expects Q1 Revenues To Be Up Slightly On Constant Currency Basis And Down Slightly On A Reported Basis Including Currency Impact
Portfolio Pulse from Benzinga Newsdesk
Ralph Lauren expects Q1 revenues to be up slightly on a constant currency basis but down slightly on a reported basis due to currency impact.
May 23, 2024 | 12:03 pm
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Ralph Lauren expects Q1 revenues to increase slightly on a constant currency basis but decrease slightly on a reported basis due to currency fluctuations.
The mixed revenue forecast indicates a neutral short-term impact on Ralph Lauren's stock price. While the constant currency basis shows slight growth, the reported basis, which includes currency impact, shows a slight decline. This balance suggests no significant immediate price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100