Categories Earnings, Retail

Ralph Lauren (RL) Q3 2020 Earnings Snapshot

— Ralph Lauren (NYSE: RL) reported third quarter 2020 adjusted EPS of $2.86 vs. $2.45 expected. GAAP EPS was $4.41 vs. $1.48 in the prior-year quarter.

— Revenue grew 1% to $1.75 billion vs. $1.72 billion expected.

— For fiscal 2020, Ralph Lauren expects revenue to grow 2-3% on a constant currency basis.

— For the fourth quarter of fiscal 2020, revenue is expected to be up slightly both on a constant currency and reported basis.

— North America revenue inched up to $911 million in Q3 2020 from $909 million a year ago.

— Europe revenue increased 3% year-over-year to $438 million.

— Asia revenue rose 5% to $290 million.

— RL stock was trading up about 7% during the pre-market session.

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