November 2, 2017 / 2:29 PM / 2 years ago

BRIEF-Ralph Lauren expects Q4 SG&A expense to rise as co invests in marketing and stores

Nov 2 (Reuters) - Ralph Lauren Corp

* Ralph Lauren -Co expects to reach almost $0.5 billion in revenue in Greater China along with Hong Kong, Macau and Taiwan in 5 yrs from about $170 million in 2017

* Ralph Lauren - saw about 1 point of comp pressure in North America in Q2 due to hurricanes with meaningful impact in Texas, Florida and Puerto Rico -conf call

* Ralph Lauren - In Q3, SG&A rate will create some pressure as co laps last year’s expense reductions, invests in marketing, product and stores -conf call

* Ralph Lauren - expects Q4 sales to be pressured on shift in wholesale shipments, and March quarter is driven by clearance sales post holiday -conf call

* Ralph Lauren -for Q4, expect SG&A expense to rise versus last year due to double-digit growth in marketing expense in 2H -conf call

* Ralph Lauren - Co says it is down 20 percent to 25 percent points of distribution in department stores -conf call

* Ralph Lauren - expects gross margin expansion in 2H 2018 of at least 150 basis points -conf call Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below