Despite a 5.5 percent gain in third-quarter profits, shares of Polo Ralph Lauren Corp. Wednesday fell 8.4 percent as investors gauged the impact of planned investments in Asia on fourth-quarter earnings.
Tracey Travis, the company’s chief financial officer, said on a conference call that Polo’s expansion plans for Asia could take a bite out of fourth-quarter earnings of 8 cents to 10 cents a diluted share. The firm took back direct control of its operations in key Asian markets on Jan. 1.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)