Ralph Lauren Posts Q2 Net Profit Of $201 Mln Or $2.25/shr - Quick Facts

(RTTNews) - Apparel maker Ralph Lauren Corp. (RL) said it has earned $201 million, or $2.25 per share of profit, for the second quarter of fiscal 2015, compared with $205 million, or $2.23 per share, reported a year back. On average, 21 analysts polled by Thomson Reuters expected the company to report earnings of $2.06 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues for the quarter increased 4% year-on-year to $2.0 billion from 1.915 billion, led by retail segment expansion, including double-digit international growth. Analysts estimated revenues of $2.02 billion.

For the third quarter of fiscal 2015, the company expects consolidated net revenues to increase by 3%-5%, including a 200 basis point net negative impact from foreign currency translation.

The company is maintaining its fiscal 2015 constant dollar outlook. However, as a result of recent, unfavorable foreign currency movements, the firm now sees consolidated net revenues for fiscal 2015 to increase by 5%-7% compared to its previous outlook of 6%-8% growth.