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Investors take note of margin gains at Ralph Lauren

May 23, 2018 10:09 AM ETRalph Lauren Corporation (RL) StockTPR, FOSL, RL, PVH, GIII, LULUBy: Clark Schultz, SA News Editor2 Comments
  • A large jump in margins at Ralph Lauren (RL +14.1%) is helping to lift share prices of other higher-end apparel sellers. RL saw its gross margin rate improve to 59.8% from 55.4% a year ago on a higher mix of full-price sales.
  • Early movers include Tapestry (NYSE:TPR) +1.6%, Fossil (NASDAQ:FOSL) +1.7%, PVH (NYSE:PVH) +1.7%, G-III Apparel (NASDAQ:GIII) +1.3% and Lululemon (NASDAQ:LULU) +1.4%.
  • Previously: Ralph Lauren beats by $0.07, beats on revenue (May 23)
  • Previously: Ralph Lauren positive on earnings beat (May 23)

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