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EPS dips steeply by 57.1% at Ralph Lauren in Q3FY17
Feb '17
Earnings per share for the three months ended December 31, 2017 at premium fashion retailer Ralph Lauren Corporation, dipped steeply by 57.14 per cent to $0.98, compared to earnings per diluted share of $1.54 in the prior fiscal’s third quarter. Adjusted earnings per share were $1.86 in the reporting quarter versus $2.27 in the fiscal ago quarter.

In the third quarter of fiscal 2017, net revenues at $1.7 billion were down 12 per cent year on year on a reported basis, and also down 11 per cent in constant currency.

Gross profit in the quarter under review stood at $983 million on a reported basis, while adjusted gross profit was $997 million and gross profit margin amounted to 58.2 per cent, 140 basis points above last fiscal’s same quarter.

Operating income in the period under review amounted to $128 million, while operating margin was 7.5 per cent on a reported basis, which includes restructuring and other related charges of $91 million.

On an adjusted basis, operating income was $219 million and operating margin was 12.8 per cent, 90 basis points down from the third quarter of fiscal 2016. (AR)

Fibre2Fashion News Desk – India

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