Ralph Lauren Corporation (RL Quick QuoteRL - Free Report) , a designer, marketer and distributor of lifestyle products, released fourth-quarter fiscal 2018 results, wherein adjusted earnings of 90 cents came ahead of the Zacks Consensus Estimate of 86 cents. Also, earnings rose by a penny from the year-ago quarter.

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2019 has been stable in the last 30 days. However, Ralph Lauren’s performance over the trailing four quarters, excluding the quarter under review, remains encouraging with an average beat of 10.4%.

Revenues: Ralph Lauren’s net revenues dropped 2.3% to $1,529.2 million but outpaced the Zacks Consensus Estimate of $1,493 million. On a currency neutral basis, revenues fell 7%. Revenue decline was attributable to the exit of brand, promotional activity and soft consumer demand.

Outlook: The company issued guidance for first quarter and fiscal 2019. It projects currency neutral net revenues to decline low single-digits in fiscal 2019. For first-quarter fiscal 2019, management envisions currency neutral net revenues in the band of flat to down slightly.

Zacks Rank: Currently, Ralph Lauren carries a Zacks Rank #2 (Buy), which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on Ralph Lauren’s earnings report!

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