Will Ralph Lauren (NYSE: RL) Make A Turn Around?
Author By Sophia VidaPosted on Ralph Lauren was once a top-tier luxury clothing brand and they may be on their way back in a new turn around plan.
Shares took a heavy tumble this week, plunging as much as 10% on Tuesday, after the company announced it would be cutting its 2017 guidance significantly and that it would be unveiling a new turnaround plan, called the “Way Forward Plan.”
The “Way Forward Plan” includes eliminating 8% of its workforce. This may be the part that investors weren’t too thrilled about.
Shares of Ralph Lauren peaked at $185 per share in late 2014 and are now under $100.
Even with the “Way Forward Plan,” Ralph Lauren’s management expects 2017 and 2018 to show a further decline in revenue and margins.
However by 2019, it projects sales and margins will start growing modestly.
Disclaimer: We have no position in Will Ralph Lauren (NYSE: RL) and have not been compensated for this article.
 Make A Turn Around?){kind=link}