Ralph Lauren Corp Beats Q1 Earnings Estimates; Misses on Revenue (RL)

Before the opening bell on Wednesday, Ralph Lauren Corp (RL) reported its fiscal 2015 first quarter results, posting lower profits than last year’s Q1.

RL’s Earnings in Brief

Ralph Lauren reported first quarter net income of $162 million, or $1.80 per share, down from last year’s Q1 figures of $181 million, or $1.94 per share. The company’s revenues were up slightly from last year’s Q1, coming in at $1.71 billion, compared to $1.65 billion. Ralph Lauren beat analysts’ EPS estimates of $1.78, but revenues came in slightly below the $1.73 billion expectation.

CEO Commentary

The company’s chairman and CEO, Ralph Lauren, had the following comments: "Our first quarter results demonstrate that we are making the right strategic decisions and investments to support our long-term growth objectives. Later this month, we'll mark an important milestone for the Polo brand with the introduction of Polo for women. That launch will be supported by the opening of our first Polo flagship store in New York City. This Fall, we'll open a 20,000-square-foot Ralph Lauren luxury flagship store in Greater China, a critical brand expression in an important market for us. As exciting as these first steps are now, the long-term potential is even more compelling."

RL’s Dividend

Ralph Lauren paid its most recent dividend on July 11. We expect the company to declare its next quarterly dividend of 45 cents in September.

Stock Performance

Ralph Lauren stock was up 93 cents, or 0.59%, in pre-market trading. YTD, the stock is down 10.72%.

RL Dividend Snapshot

As of Market Close on August 5, 2014

Click here to see the complete history of RL dividends.