Q418 - Solid performance
RL reported adj Q4 EPS of $0.90, above consensus of $0.83 driven by a slight revenue and a bigger gross margin beat. Inventory looks comfortable and the turnaround continues to proceed to plan. FY19 outlook is roughly in line with consensus, with revenues expect down low-single-digits and operating margin slightly up. An overall good quarter, with more news, especially around the long-term outlook, expected from the June 7th investor day.Ralph Lauren designs, markets, and distributes lifestyle products, including apparel, accessories, home furnishings, and other licensed product categories. The company's brand names include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, and Club Monaco, among others. The company sells directly to customers via its retail stores, concession-based shop-within-shops, and through its own digital commerce sites; while its international licensing partners operated Ralph Lauren stores, Ralph Lauren concession shops, and Club Monaco stores and shops. The company has three segments: North America ; Europe; and Asia.
Formed in 2003 by an established team from Cazenove, one of the most respected investment banks in the UK, Atlantic Equities conducts and publishes fundamental, bottom up research on mid and large cap US companies.
Atlantic provide order execution through a wide range of DMA products and algorithmic trading suites.
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