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Shares of leading apparel brand Ralph Lauren Corp. (RL) also declined on concerns surrounding its products' exposure to European consumers. The company's first quarter results were otherwise strong - highlights included 14% growth in sales and 32% growth in earnings. We believe that Ralph Lauren continued to reap benefits from its ongoing investments in sourcing, distribution, and e-commerce initiatives.
Baron Funds Comments on Ralph Lauren Corp.
From Ron Barons' second quarter letter:
Shares of leading apparel brand Ralph Lauren Corp. (RL) also declined on concerns surrounding its products' exposure to European consumers. The company's first quarter results were otherwise strong - highlights included 14% growth in sales and 32% growth in earnings. We believe that Ralph Lauren continued to reap benefits from its ongoing investments in sourcing, distribution, and e-commerce initiatives.
Shares of leading apparel brand Ralph Lauren Corp. (RL) also declined on concerns surrounding its products' exposure to European consumers. The company's first quarter results were otherwise strong - highlights included 14% growth in sales and 32% growth in earnings. We believe that Ralph Lauren continued to reap benefits from its ongoing investments in sourcing, distribution, and e-commerce initiatives.
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