Ralph Lauren (NYSE:RL) Exceeds Expectations; Sales Drop Due to Europe Crises – RL, MFB, WRC, PVH

Ralph Lauren Corp (NYSE:RL) announced on Tuesday that profit in the quarter was more than anticipated assisted by boosting sales, however reported that the company forecasted the rate of revenue development to sluggish, partially due to Europe’s economic troubles.

The clothing company reported that net income moved up to $94.4 million or 99 cents a share, from $73.2 million or 74 cents a share in the similar period a year ago. Thomson Reuters analysts survey confirmed that that was 15 cents more than Wall Street’s median forecasts.

Ralph Lauren posted that revenue lifted by 13.7% to $1.62 billion while sales at stores open almost a year boosted 12% with the major boost coming from the Club Monaco chain.

Maidenform Brands, Inc (NYSE:MFB) surged +0.20% to settle at $20.14, Warnaco Group Inc (NYSE:WRC) moved down -1.39% to end at $43.28 while PVH Corp (NYSE:PVH) jumped +2.07% to finish on Tuesday at $77.55.
Ralph Lauren Corp (NYSE:RL) last session volume of 4.65 million shares was surprisingly higher than its average volume of 944,509.00 shares. The stock after opening at $154.71 hit high price of $161.30 and then closed at $150.27 by scoring +2.71%.

The liquidity measure in recent quarter results of the company was recorded 2.89 as current ratio and on the other side the debt to equity ratio was 0.08 and long-term debt to equity ratio also remained 0.08. The Company had total cash at hand $1.30 billion and a book value per share as $38.24 in the most recent quarter.

The stock price volatility was 4.93% for a week and 3.38% for a month as well as price volatility’s Average True Range for 14 days was 5.77 and its beta remained 1.54.

RL generated revenue of 6.66 billion in the following twelve months and earned $659.80 million. The Company showed a positive +9.90% in the net profit margin and as well as in its operating margin which remained 15.31%. Company’s annual sales growth for the past five year was 8.60%.

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