From Ron Barons' second quarter letter:
Shares of leading apparel brand Ralph Lauren Corp. (RL, Financial) 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, Financial) 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.
