Shares of Ralph Lauren (RL) trail off in premarket trading, down 4.5%, after the firm warns its...

|About: Ralph Lauren Corporation (RL)|By:, SA News Editor

Shares of Ralph Lauren (RL) trail off in premarket trading, down 4.5%, after the firm warns its FQ3 operating margin could narrow 300 basis points compared to a year ago as inflation costs crop up and the companies invests in expansion. FQ12 results beat estimates, with the the firm booking revenue of $1.9B (+24% Y/Y) vs. $1.84B consensus.