secwatch.observer — SEC 8-K summary
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Issuer:     RALPH LAUREN CORP (RL)
CIK:        0001037038
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001037038-23-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037038/000103703823000021/0001037038-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037038/000103703823000021/rl-20230810.htm
  HTML page:      https://secwatch.observer/filing/0001037038-23-000021

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