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Ralph Lauren Maintains Outlook Despite Rough Q2

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Ralph Lauren is fighting to turn around its sagging U.S. business, but there was more bad news Thursday when the company reported its second-quarter earnings.

The New York-based company posted earnings per share of $1.90, lower than last year’s second quarter EPS of $2.13. Despite this, it was enough to top Wall Street’s expected EPS of $1.70.

Revenue fell 7.6% to $1.82 billion, in line with the company’s expectations. International revenue was up 2 percent but was offset by a deep 12 percent drop in North America.

Read the rest on Rivet.

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