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Ralph Lauren's quarterly revenue slips past estimates
November 2, 2017 / 12:17 PM / 19 days ago

Ralph Lauren's quarterly revenue slips past estimates

Nov 2 (Reuters) - Ralph Lauren Corp’s quarterly revenue on Thursday edged past Wall Street estimates, as it sold more full-price apparel and saw higher demand in the United Kingdom.

The New York-based company’s net income rose to $143.8 million or $1.75 per share in the second quarter ended Sept. 30, from $45.7 million or 55 cents per share, a year earlier.

Revenue fell 9 percent to $1.67 billion, hurt in part by its decision to pull back from department stores and factory outlets. Analysts on average had expected $1.65 billion, according to Thomson Reuters I/B/E/S. (Reporting by Gayathree Ganesan in Bengaluru; Editing by Bernard Orr)

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