Shares of Polo Ralph Lauren jumped more than 7 percent Wednesday after the company posted lower first-quarter results that still managed to easily beat Wall Street estimates.
Net income for the three months ended June 27 fell 19.3 percent to $76.8 million, or 76 cents a diluted share, from $95.2 million, or 93 cents, in last year’s comparable quarter. The consensus among analysts was for earnings per share of 50 cents, according to Yahoo Finance.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)