Ralph Lauren Q2 revenue +13% constant currency; adjusted EPS $2.23, ahead of expectations

RALPH LAUREN CORP

2023-Q2 EPS reported $3.90 revenue$3,070,500,000

Revenue $1.6B (+5% reported, +13% constant currency); adjusted diluted EPS $2.23 vs $2.62 prior year.
Adjusted operating margin 13.4% slightly above outlook; FY2023 margin guidance at low end of 14.0%-14.5% range.
Asia revenue +33% constant currency; Europe +15%; North America +3%.
Repurchased ~$170M of Class A common stock during Q2; inventory $1.3B, up 36%.
Q3 revenue expected +low- to mid-single digits constant currency; operating margin 17.3%-17.8% constant currency.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RALPH LAUREN CORP reported the fiscal quarter ended October 1, 2022 results: EPS $2.18 per diluted share. Guidance reaffirmed.

Period: the fiscal quarter ended October 1, 2022
EPS: $2.18 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

RALPH LAUREN REPORTS BETTER THAN EXPECTED SECOND QUARTER FISCAL 2023 RESULTS • Delivered Second Quarter Revenue Growth of 5% on a Reported Basis and 13% in Constant Currency, Ahead of Expectations • Operating Margin of 13.1% on a Reported Basis; Adjusted Operating Margin of 13.4% Slightly Exceeded Outlook with Operating Expense Discipline More Than Offsetting Planned Increases in Freight and Timing of Marketing Investments • Continued to Invest in Key Strategic Priorities While Returning Cash to Shareholders Through Dividends and Repurchase of Approximately $170 Million of Class A Common Stock in the Quarter • Maintained Full Year Fiscal 2023 Outlook in Constant Currency with Net Revenue Expected to Increase High-Single-Digits and Adjusted Operating Margin at Low End of Prior Range of 14.0% to 14.5%; Revised Foreign Currency Outlook to Reflect Strengthening U.S. Dollar NEW YORK -- (BUSINESS WIRE) -- November 10, 2022 -- Ralph Lauren Corporation (NYSE:RL), a global leader in the design,

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Source: SEC EDGAR

accession 0001037038-22-000029

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