earnings
confidence high
sentiment positive
materiality 0.80
Ralph Lauren Q1 revenue up 13% constant currency; adjusted EPS $1.88, operating margin 12.7%
RALPH LAUREN CORP
2023-Q1 EPS reported
$1.73
revenue$1,490,600,000
- Q1 revenue $1.5B (+8% reported, +13% CC); North America +6%, Europe +28% CC, Asia +26% CC.
- Adjusted EPS $1.88 (vs $2.29 Q1 FY22); adjusted operating margin 12.7% (down 410 bps YoY).
- Repurchased $213M of stock; inventory +47% YoY due to goods-in-transit to mitigate supply chain delays.
- Reaffirmed FY2023 outlook: high-single digit revenue growth CC, adj. operating margin 14.0-14.5% CC.
- Elected Deb Cupp, President of Microsoft North America, to Board of Directors.