RL - Can Ralph Lauren Overcome a Slowing U.S. Business?
You can't blame Ralph Lauren (NYSE: RL) for putting its best foot forward when it reported that fiscal second-quarter 2023 earnings were better than expected. While that's perhaps true, the quarter was far from great. Here are some key issues to watch, including a soft U.S. market, that could lead investors to take a negative view of the stock in the future.
High-end retailer Ralph Lauren reported fiscal Q2 adjusted earnings per share of $2.23 on revenue growth of roughly 5%. It hailed this as better than expected, which is fine, but adjusted earnings per share fell from $2.62 in the same fiscal quarter of 2022. So there are headwinds here that have to be discussed.
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Can Ralph Lauren Overcome a Slowing U.S. Business?