05.11.2015 - Ralph Lauren reduced its profit
Ralph Lauren released results for the last quarter, according to which the profit amounted to 160 million dollars against 201 million dollars in the same period last year. The decrease in revenue by 0.02 billion dollars to 1.97 billion dollars failed to disappoint investors. The company said that due to the reorganization plan to save about $ 110 million annually. During the year the company's shares fell nearly 40%, but we expect an improvement in their dynamics in the coming months and expect growth of 18-20% by the end of the year.