Categories AlphaGraphs, Earnings, Retail
Infographic: Key highlights from Ralph Lauren (RL) Q4 2020 earnings results
Ralph Lauren Corporation (NYSE: RL) reported its financial results for the quarter ended March 28, 2020, on Wednesday before the market opens. The results missed analysts’ expectations.
The company slipped to a loss in the fourth quarter of 2020 from a profit last year, due to the impact of the COVID-19 pandemic crisis. The top-line declined by 15% on a reported basis and was down 14% in constant currency. This reflects adverse impacts related to COVID-19 and Hong Kong protest business disruptions.
The company is suspending all future guidance due to the high level of uncertainty and the evolving situation surrounding the global pandemic. Ralph Lauren expects its financial results for both fiscal 2021 and the first quarter to be significantly negatively impacted by the pandemic.
Though the timing and path of recovery in each market present many uncertainties, the company has developed scenarios through which it plans to safely return its businesses to growth and value creation.
Past Performance
Take a look at our Retail articles here
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and