Ralph Lauren's (RL) Q3: The slip in revenue compared to last year was due to sluggishness in the...

|By:, SA News Editor

Ralph Lauren's (RL) Q3: The slip in revenue compared to last year was due to sluggishness in the Wholesale Sales segment, down 8% to $915M, as the company proactively cut shipments to Europe. Retail Sales revenue up 5% to $861M with e-commerce initiatives contributing. For FY13, Ralph Lauren cuts its outlook for revenue growth to 2%-3% from a prior estimate of a mid-single-digit pace. RL +0.8% premarket. (PR)