Ralph Lauren sees Q1 revenue up mid- to high-single digits vs. last year

The company said, “For the first quarter, the Company expects revenues to increase approximately mid- to high-single digits to last year on a constant currency basis. Operating margin for the first quarter is expected to expand approximately 80 to 120 basis points in constant currency, led by gross margin expansion. Foreign currency is expected to have a roughly neutral impact on revenue, gross and operating margin in the first quarter.”