Business Day - World - Feb 03, 2010Polo Ralph Lauren Corporation (RL)
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Christine Chen
at
Needham & CompanyThe wholesale segment's operating margin was 177 percent in the company's fiscal third quarter, ended , 21 percentage points below last year But
Polo, whose clothing brands include
Polo, Chaps and Club Monaco, raised its outlook for the full fiscal year, forecasting a percentage decline in the low single digits Its prior forecast called for a drop in the mid single digits
It also reported better than expected third quarter profit, but some analysts had come to expect an even greater upside surprise, said Needham & Co analyst Christine Chen ``The main reason for the sell off is the slight miss in topline and concern that wholesale isn't picking up faster,'' Chen said
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The wholesale segment's operating margin was 177 percent in the company's fiscal third quarter, ended , 21 percentage points below last year But <span class="company">Polo</span>, whose clothing brands include <span class="company">Polo</span>, Chaps and Club Monaco, raised its outlook for the full fiscal year, forecasting a percentage decline in the low single digits Its prior forecast called for a drop in the mid single digits<span class="sent"> It also reported better than expected third quarter profit, but some analysts had come to expect an even greater upside surprise, said Needham & Co analyst <span class="analyst">Christine Chen</span></span> ``The main reason for the sell off is the slight miss in topline and concern that wholesale isn't picking up faster,'' Chen said
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