The women's store at 867 Madison Avenue.

Shares of Ralph Lauren Corp. rose 4.2 percent in early-morning trading Tuesday after the company posted first-quarter results that beat Wall Street’s estimates for both earnings per share and revenues.

For the quarter ended June 30, net income rose 83.2 percent to $109 million, or $1.31 a diluted share, from $59.5 million, or 72 cents, a year ago. On an adjusted basis, EPS was $1.54 a diluted share, excluding restructuring-related and other charges, versus adjusted EPS of $1.11 in the year-ago quarter. Net revenues rose 3.2 percent to $1.39 billion from $1.35 billion.

Wall Street was expecting adjusted EPS of $1.36 on revenues of $1.36 billion.

Shares of Ralph Lauren were trading at $141.53 at 10:18 a.m.

Ralph Lauren, executive chairman and chief creative officer, said the passion of the company’s teams for the brand, “along with Patrice’s [Louvet, president and chief executive officer] partnership over the last year, the clear plan he and the team laid out in June, and the initial progress in this quarter, give me confidence in our future as we celebrate 50 years in business.”

Louvet said, “Guided by our three core principles of putting the consumer at the center of all we do, elevating and energizing our brand and balancing productivity and growth, we are on track to return the company to long-term, sustainable growth and value creation.”

The ceo noted that the company is “off to an encouraging start to the new fiscal year on both the top and the bottom line.” He added that the teams around the world are “fully engage and focused on executing the Next Great Chapter plan” that the company disclosed last month at its Investor Day meeting.

The company said North American revenues fell 2 percent to $698 million, mostly due to the company’s decision to exit from lower quality distribution. Comparable-store sales were down 3 percent due to a 3 percent decrease in brick-and-mortar stores and a 2 percent decline at Excluding the impact of Easter timing, comps were flat versus last year.

European revenues rose 8 percent to $351 million, with wholesale revenues growing due in part to a shift in the timing of shipments. Comps at retail stores were down 8 percent, mostly due to assortment and inventory challenges, and was partly offset by a 2 percent increase in digital sales. In Asia, revenues grew 19 percent to $248 million, while comps rose 6 percent.

The company also said gross profit for the quarter was $896 million, up by 120 basis point from the prior year.

The company added that it increased marketing investment by 20 percent versus last year, and that underdeveloped categories led by denim and outerwear outpaced overall growth. Further, digital sales outpaced overall growth and is on track to achieve its long-term goals.

The company guided net revenues for fiscal 2019 to be down slightly in constant currency. For the second quarter, it projected net revenue to be flat to down slightly, also on a constant currency basis. It also said it is planning on capital expenditures of $275 million for the year.

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