Ralph Lauren posts bigger loss, revenues drop 15 percent

Ralph Lauren Corporation has reported loss per diluted share of 3.38 dollars on a reported basis and loss of 68 cents on an adjusted basis, for the fourth quarter of fiscal 2020 compared to earnings per diluted share of 39 cents on a reported basis and 1.07 dollars on an adjusted basis for the same quarter of fiscal 2019. For fiscal 2020, earnings per diluted share were 4.98 dollars on a reported basis and 6.56 dollars on an adjusted basis compared to earnings per diluted share of 5.27 dollars on a reported basis and 7.19 dollars on an adjusted basis for the full year of fiscal 2019.