Pursuits
Ralph Lauren Falls After Forecast Implies Weak Quarter
This article is for subscribers only.
Ralph Lauren Corp., the retailer of its namesake brand clothing, fell the most in more than two years after its forecast for the current quarter implied profit would trail analysts’ estimates.
The shares sank 8.6 percent to $173.13 in New York for the biggest decline since May 2011. The New York-based company’s shares have jumped 15 percent this year, compared with a 19 percent gain for the Standard & Poor’s 500 Index.