This compared to reported net income of $201 million, or $2.25 per diluted share, for the second quarter of Fiscal 2015.

second quarter earnings: “EX-99.1 2 eh1501308_ex9901.htm EXHIBIT 99.1 EXHIBIT 99.1 RALPH LAUREN REPORTS BETTER-THAN-EXPECTED SECOND QUARTER FISCAL 2016 RESULTS — Second Quarter Net Revenues of $2.0 Billion Increased 4% in Constant Currency, Driven by Double-Digit Growth Internationally — Better-Than-Expected Operating Margin of 13.5%, Excluding One-Time Charges, Reflects Benefits from the Global Brand Management Structure and Disciplined Operational Management — Earnings Per Diluted Share Was $2.13 in the Second Quarter, Excluding One-Time Charges, Up 13% to Prior Year in Constant Currency — The Company Maintains Its Fiscal 2016 Outlook NEW YORK--(BUSINESS WIRE)—November 5, 2015-- Ralph Lauren Corporation (NYSE:RL) today reported net income of $184 million, or $2.13 per diluted share, for the second quarter of Fiscal 2016, which excludes one-time charges which are primarily related to restructuring activities associated with the Company’s global brand reorganization.”

third quarter margin: “Operating margin for the third quarter of Fiscal 2016 is expected to be approximately 200-250 basis points below the comparable prior year period, primarily due to negative foreign currency effects and infrastructure investments.”

third quarter sales: “In the third quarter of Fiscal 2016, the Company expects consolidated net revenues to be up 0-2% on a reported basis, and based on current exchange rates, foreign currency will have an approximate 250 basis point negative impact on revenue growth.”