Fashion house Ralph Lauren (RL) is by far the worst performing stock in the S&P 500 this morning. It's down more than 6%
For context, it's followed by Gap (GPS), which is down only 1.6%.
Ralph Lauren reported earnings for its fourth quarter and financial year 2019 before the bell.
While the results exceeded expectations, they showed some worrying trends. Revenue from its North American wholesale operations fell 10% year-over-year in the quarter, while overall North American sales dropped 7%, or $708 million.
Correction: A previous version of this post incorrectly identified which index Ralph Lauren is a part of.
https://www.cnn.com/business/live-news/stock-market-news-today-051419/index.html
2019-05-14 16:11:00Z
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