earnings
confidence high
sentiment positive
materiality 0.75
Ralph Lauren Q3 FY2024 EPS $4.17 adj, revenue $1.9B (+6%), beats expectations; guidance raised
RALPH LAUREN CORP
2024-Q3 EPS reported
$8.31
revenue$5,063,500,000
- Adjusted EPS $4.17 vs $3.35 prior year, up 24%; reported EPS up 31% to $4.19.
- Revenue $1.9B (+6% reported, +5% constant currency) with Asia up 17% constant currency.
- Global DTC comparable store sales accelerated to +9%; AUR up 9% across DTC network.
- Inventory down 15% YoY; returned ~$425M to shareholders YTD via buybacks and dividends.
- FY2024 revenue guidance centered at 2% (from 1-2%); operating margin expansion 30-50bps confirmed.