05.08.2015 - The report of Ralph Lauren Corp supported the growth of the company's shares
Ralph Lauren Corp reported its results for the second quarter of this year, which exceeded expectations in spite of the negative impact of a stronger US dollar. It is worth noting that the company's shares have fallen by more than a third over the year, but positive statements could help to change the negative trend to the positive dynamics. The company's profit was 64 million dollars against 162 million in the same period last year. Sales fell by 5.3% to 1.62 billion, 0.01 billion worse than expected. We expect price growth in the medium term by 10-12%.