How Ralph Lauren Stock Has Fared Through the Coronavirus
Ralph Lauren (NYSE: RL) stock has badly trailed the market in the wake of the COVID-19 pandemic, with shares down over 40% in 2020 through mid-August. The wider market is up by 6%.
Investors have lost enthusiasm for the luxury apparel and accessories specialist in light of major consumer shopping changes that are stressing its finances. Sales dove 66% in the fiscal first quarter, which runs through late June, the company revealed in early August. That decline led to an operating loss of $168 million compared to $143 million of profit in the year-ago period.
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Source Fool.com
