Ralph Lauren Tells Investors That the Rebound Plan Is On Track
Ralph Lauren (NYSE: RL) investors cheered the company's latest earnings report, which included hopeful signs of gathering momentum in its growth rebound. Sure, sales gains slowed. But the apparel retailer still saw healthy demand in key markets like Asia and Europe while delivering a double-digit increase in earnings per share.
Shares soared following the report but remain well behind the broader market's 23% gain so far in 2019. That underperformance reflects uncertainty about the strength of Ralph Lauren's rebound, which CEO Patrice Louvet and his team addressed in their earnings call with investors. Below are a few highlights from that presentation.
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Source Fool.com
