This compared to net income of $162 million, or $1.80 per diluted share, for the first quarter of Fiscal 2015.

first quarter earnings: “EX-99.1 2 eh1501052_ex9901.htm EXHIBIT 99.1 EXHIBIT 99.1 RALPH LAUREN REPORTS BETTER-THAN-EXPECTED FIRST QUARTER FISCAL 2016 RESULTS — First Quarter Net Revenues of $1.6 Billion Were In Line with the Prior Year in Constant Currency, Driven By Double-Digit Growth Internationally — Operating Margin Was Better-Than-Expected Due To Disciplined Expense Management — Diluted EPS Was $1.09 in the First Quarter, Excluding Restructuring and Related Non-Cash Charges — The Company Maintains Its Fiscal 2016 Outlook — Began Successful Transition To The New Global Brand Management Structure NEW YORK--(BUSINESS WIRE)—August 5, 2015-- Ralph Lauren Corporation (NYSE:RL) today reported net income of $95 million, or $1.09 per diluted share, for the first quarter of Fiscal 2016, which excludes restructuring and non-cash charges associated with its global brand reorganization.”

second quarter margin: “Operating margin for the second quarter of Fiscal 2016 is expected to be approximately 275-325 basis points below the comparable prior year period, primarily due to negative foreign currency effects, the quarterly revenue growth profile and timing of expense savings initiatives.”

second quarter sales: “In the second quarter of Fiscal 2016, the Company expects consolidated net revenues to be up 3-5% in constant currency, and based on current exchange rates, foreign currency will have an approximate 550 basis point negative impact on revenue growth.”