earnings
confidence high
sentiment positive
materiality 0.85
Ralph Lauren beats Q3 expectations, raises FY2022 outlook; revenue $1.8B +27%, adjusted EPS $2.94
RALPH LAUREN CORP
2022-Q3 EPS reported
$7.68
revenue$4,695,800,000
- Revenue $1.8B (+27% reported, +28% constant currency); adjusted EPS $2.94 vs $1.67 prior year.
- Adjusted operating margin 15.9%, up 260 bps; gross margin expanded 60 bps.
- FY2022 revenue growth outlook raised to 39-41% constant currency (from 34-36%); operating margin ~13% (from 12-12.5%).
- New $1.5B stock repurchase authorized; $300M shares repurchased in Q3.
- All regions double-digit growth: North America +30%, Europe +50%, Asia +20% constant currency.