The company said, “For the fourth quarter, the Company expects revenue growth to be in a range centered around 2% in constant currency to last year. Foreign currency is expected to negatively impact revenue growth by approximately 160 basis points. Operating margin for the fourth quarter is expected to expand approximately 350 to 400 basis points in constant currency, driven largely by gross margin expansion, with about 40 basis points of negative foreign currency impact. Foreign currency is expected to negatively impact gross margin by approximately 50 basis points in the fourth quarter.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on RL:
- RL Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Ralph Lauren price target raised to $176 from $141 at Barclays
- Ralph Lauren price target raised to $140 from $120 at Wells Fargo
- Top consumer names to own in 2024, according to Telsey Advisory
- Ralph Lauren just upgraded at Goldman Sachs, here’s why