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Ralph Lauren Reports Quarterly Loss Due to Tax Charge

The luxury apparel maker reported a quarterly loss following a $231 million charge due to the recent US tax overhaul.
Ralph Lauren store | Source: Shutterstock
By
  • Reuters

NEW YORK, United States — Ralph Lauren Corp reported a quarterly loss on Thursday as the luxury apparel maker incurred a $231 million charge due to the recent US tax overhaul.

The New York-based company reported a net loss of $81.8 million or $1 per share in the third quarter ended December 30, compared with a profit of $81.3 million, or 98 cents per share, a year earlier.

Net revenue fell to $1.64 billion from $1.71 billion.

By Uday Sampath; editor: Supriya Kurane.
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