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Healthcare

Ralph Lauren quarterly revenue falls 15.4%

May 27 (Reuters) - Ralph Lauren Corp reported a 15.4% fall in quarterly revenue on Wednesday after its outlets and department stores across the world were forced to close due to the COVID-19 pandemic.

The company reported a net loss of $249 million, or $3.38 per share, in the fourth quarter ended March 28, compared with a profit of $31.6 million, or 39 cents per share, a year earlier.

Net revenue fell to $1.27 billion from $1.51 billion. (Reporting by Uday Sampath in Bengaluru; Editing by Anil D’Silva)

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