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Ralph Lauren slumping on lower outlook for revenue growth


Shares of the high-end retailer Ralph Lauren Corp (NYSE:RL) are trading in the negative territory this morning as a result of a tepid earnings outlook. Despite reporting fourth quarter earnings that beat estimates, the retailer had a cautious outlook for the future. For example, the company’s projected revenue growth for the first quarter of 2014 is 3% to 5%, while analysts are projecting a rise of 10%. Furthermore, for the fiscal year 2015, the company is expecting revenue to growth at a range of 6% to 8%. But the consensus revenue growth among analysts is 8% for the fiscal year 2015.