Ralph Lauren Q1 earnings increase, sales up 3 percent

Ralph Lauren Corporation reported earnings per diluted share of 1.47 dollars on a reported basis and 1.77 dollars on an adjusted basis for the first quarter of fiscal 2020 compared to 1.31 dollars on a reported basis and 1.54 dollars on an adjusted basis, for the first quarter of fiscal 2019. The company said, revenue increased by 3 percent to 1.4 billion dollars on a reported basis and 5 percent in constant currency, driven by positive results across regions, while foreign currency negatively impacted revenue growth by approximately 220 basis points in the first quarter.