NEW YORK (TheStreet) -- Shares of Ralph Lauren Corp. (RL) are down -5.55% to $143.56 in pe-market trade after the company said today it expected global revenues to increase 6% to 8% in fiscal 2015 but warned its operating margin would decline as it spends money to further build its network of stores, Reuters reports.
Revenue in the fiscal fourth quarter ended March 29 was up 13.6% to $1.87 billion, beating the average Wall Street estimate of $1.83 billion, according to Thomson Reuters I/B/E/S.
Net income ijumped 20.5% to $153 million, or $1.68 per share, from $127 million, or $1.37, a year ago.
TheStreet Ratings team rates RALPH LAUREN CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate RALPH LAUREN CORP (RL) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow."