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Ralph Lauren Misses on Q3 Sales and Earnings, Says Big Structural and Management Changes Ahead

Ralph Lauren Corporation (RL) reported third quarter sales and earnings results yesterday that missed expectations, sending its stock sliding 18 percent to under $140, a multiyear low.

Revenues rose by less than 1 percent to $2.03 billion in the three months ending in December, falling short of expected sales of $2.11 billion. Excluding the net negative impact from foreign currency effects, the increase was 3 percent, with growth in all geographic regions.

Read more at Sourcing Journal.

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