EPS dips steeply by 57.1% at Ralph Lauren in Q3FY17

06 Feb '17

1 min read

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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