secwatch.observer — SEC 8-K summary
======================================

Issuer:     RALPH LAUREN CORP (RL)
CIK:        0001037038
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001037038-22-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ralph Lauren Q1 revenue up 13% constant currency; adjusted EPS $1.88, operating margin 12.7%
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037038/000103703822000020/0001037038-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037038/000103703822000020/rl-20220809.htm
  HTML page:      https://secwatch.observer/filing/0001037038-22-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer