Ralph Lauren Q1 adj. EPS $2.34 beats $1.88; revenue +1% cc; reiterates FY outlook

RALPH LAUREN CORP

2024-Q1 EPS reported $1.96 revenue$1,496,500,000

Adj. EPS $2.34 vs $1.88 YoY; reported EPS $1.96 vs $1.73; revenue $1.5B (+1% cc).
Gross margin expanded 80bps reported (130bps cc); adj. operating margin 13.4% (+70bps).
Asia revenue +18% cc (China +50%); Europe +7%; North America -10% due to wholesale timing and inflation.
DTC AUR +15%; comparable store sales: NA -6%, EU +2%, Asia +13%.
FY2024 outlook: rev growth low-single digits cc; gross margin now +100bps (prev. +50-100bps); Q2 rev flat to slightly up.

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 first quarter of Fiscal 2024 results: EPS $1.96 on a reported basis. Guidance reaffirmed.

Period: first quarter of Fiscal 2024
EPS: $1.96 on a reported basis
Guidance: reaffirmed
Result: reported results

Exact text from the filing

today reported earnings per diluted share of $1.96 on a reported basis and $2.34 on an adjusted basis, excluding restructuring-related and other net charges for the first quarter of Fiscal 2024.

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

RALPH LAUREN CORP filing history →

Source: SEC EDGAR

accession 0001037038-23-000021

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