Ralph Lauren reported an adjusted loss per share of 68 cents in the fourth fiscal quarter, well ahead of analyst estimates. The reason for this was the announcement yesterday Wednesday of a drop in sales and a greater than expected loss of revenue in the fourth quarter of fiscal 2020, while the coronavirus pandemic has forced the American fashion group to temporarily close its points of sale around the world.
Reduction of the nominal value of the share …
Ralph Lauren’s low earnings for the fourth quarter 2020 contributed to the decline in the RL share.
Featured photo : © Ralph Lauren