Ralph Lauren Corp - Class A (RL) Stock Price and News

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There are a number of implications here that investors should be aware of, the most important being a lack of diversification.

The company reported a 30% drop in revenue to $1.19 billion.

The company said it would cut its global workforce 15% by the end of its fiscal year, March 2021.

The destructive weight of the COVID-19 pandemic is expected to contract the $2.5 trillion global fashion industry by up to 30% in 2020.

The company reported a net loss of $249 million, or $3.38 per share compared with a profit of $31.6 million, or 39 cents per share, a year earlier.

Net revenue rose to $1.75 billion in the holiday quarter. EPS of $2.86 beat estimates of $2.45.