=Ralph Lauren (RL) reported earnings on Wed 23 May 18 (b/o)

Ralph Lauren beats by $0.07, beats on revs; Q4 comps +4%; provides Q1 and FY19 revenue guidance(116.61 )

• Reports Q4 (Mar) earnings of $0.90 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus of $0.83; revenues fell 2.3% year/year to $1.53 bln vs the $1.49 bln Capital IQ Consensus.
• Co reports Q1 comparable store sales of +4%.
• For Fiscal 2019, net revenue is expected to decrease low single-digits in constant currency.Foreign currency is expected to have minimal impact on revenue growth in Fiscal 2019. In the first quarter of Fiscal 2019, the Company expects net revenue to be flat to down slightly in constant currency. Foreign currency is expected to benefit revenue growth by approximately 150-200 basis points in the first quarter of Fiscal 2019. Operating margin for the first quarter of Fiscal 2019 is expected to be up slightly in constant currency. Foreign currency is estimated to benefit operating margin by 20-40 basis points in the first quarter.