earnings
confidence high
sentiment positive
materiality 0.75
Ralph Lauren Q1 revenue $1.4B (+182% YoY), beats expectations; raises FY22 guidance
RALPH LAUREN CORP
2022-Q1 EPS reported
$2.18
revenue$1,376,300,000
- Revenue $1.4B, +182% reported, +176% constant currency; GAAP EPS $2.18, adjusted EPS $2.29.
- North America revenue +301% to $662M; Europe +194%; Asia +68%; comparable store sales up strongly across regions.
- Adjusted operating margin 16.8% vs (35.7%) prior year; highest first-quarter adjusted margin since FY14.
- FY22 constant currency revenue growth raised to 25-30%; adjusted operating margin guidance raised to 12.0-12.5%.
- Digital ecosystem revenue grew >80%; owned digital commerce >45%; AUR up 17% on brand elevation.