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Ralph Lauren and Capri Holdings report better than expected Q1 results

Ralph Lauren and Capri Holdings report better than expected Q1 results

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Ralph Lauren Group and Capri Holdings reported quarterly results on Tuesday that were well above analysts’ expectations.

 

Ralph Lauren beats consensus

 

In the three months to 2 July, the Ralph Lauren Group reported a 25.1% decline in net profit to $123.4 million. However, earnings per ordinary share (EPS) reached $1.88 against analysts’ expectations of $1.71.

 

Revenue also rose by 8.3% to $1.49 billion against a consensus of $1.4 billion. The results were driven by same-store sales, which rose by 5% in North America, 34% in Europe and 19% in Asia.

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Featured photo : © Capri Holdings

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