Ralph Lauren sees Q4 revenue up mid- to high-single digits, consensus $1.45B

The company said, "For the fourth quarter, the Company expects revenue to increase mid- to high-single digits in constant currency to last year on a 13-week comparable basis. Including last year’s 53rd week, the Company expects reported revenue to increase 1% to 2% in constant currency to last year. Foreign currency is expected to negatively impact revenue growth by approximately 500 basis points. Operating margin for the fourth quarter is expected to be approximately 5.5% in constant currency, with operating expense leverage more than offsetting continued long-term investments in new consumer recruitment and key city ecosystem expansion. Foreign currency is expected to negatively impact fourth quarter operating margin by approximately 160 basis points and gross margin by approximately 140 basis points."