May 23, 2018 / 12:10 PM / in 7 months

Ralph Lauren reports quarterly profit

May 23 (Reuters) - Ralph Lauren Corp on Wednesday reported a quarterly profit compared with a loss a year earlier, when the luxury apparel maker recorded restructuring charges of $322 million.

The New York-based company reported net income of $41.3 million, or 50 cents per share, in the fourth quarter ended March 31, compared with a loss of $204 million, or $2.48 per share, a year earlier.

Net revenue fell to $1.53 billion from $1.57 billion. (Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)

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