Ralph Lauren recently reported its Q4 results, announcing its revenues and profits. The report showed a profit per share of $1.07, which represents an almost 20% increase from the previous year’s results.
Revenues, however, dropped by 1.5% and are sitting at $1.5 billion. As a result of the announcement, which is mostly positive (especially after the previous year’s results), the clothing company behind Polo and Chaps gained 1.6% in premarket trading and reached a price of $120.20.
Analysts polled by FactSet were forecasting EPS of $0.89 on revenues of $1.48 billion, which Ralph Lauren managed to surpass.