Ralph Lauren Corporation (RL) Posts Earnings Results, Beats Estimates By $0.09 EPS
Ralph Lauren Corporation (NYSE:RL) released its quarterly earnings data on Thursday. The textile maker reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09, Bloomberg Earnings reports. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.64 billion. Ralph Lauren Corporation had a negative net margin of 0.27% and a positive return on equity of 13.80%. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period last year, the firm earned $1.90 EPS.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Thursday, September 28th. Ralph Lauren Corporation’s dividend payout ratio is -869.57%.
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Ralph Lauren Corporation Company Profile
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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