RL - Ralph Lauren: Earnings Growth Encouraging But Revenue Performance Remains A Concern
2024-05-25 01:40:32 ET
Summary
- Ralph Lauren stock has seen substantial growth in earnings.
- Net revenues for Ralph Lauren were up slightly, but below expectations due to subdued demand in the US market.
- I revise my rating on Ralph Lauren from Buy to Hold.
Investment Thesis: I revise my rating on Ralph Lauren from Buy to Hold.
In a previous article back in August, I made the argument that Ralph Lauren ( RL ) has the capacity to see further upside going forward, on the basis of strong Europe and Asia performance, as well as a strong balance sheet and an attractive P/E ratio....
Ralph Lauren: Earnings Growth Encouraging, But Revenue Performance Remains A Concern