secwatch.observer — SEC 8-K summary
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Issuer:     RALPH LAUREN CORP (RL)
CIK:        0001037038
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001037038-24-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ralph Lauren Q1 adjusted EPS $2.70 (+15% YoY) beats; revenue +3% constant currency; reaffirms FY outlook
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- Adjusted EPS $2.70 vs $2.34 YoY; reported EPS $2.61 vs $1.96 YoY (+33%).
- Revenue $1.5B, +1% reported (+3% constant currency), led by Europe (+7%) and Asia (+9%) in constant currency.
- Global DTC comparable store sales +5%; gross margin 70.5% (+170 bps); adjusted operating margin 14.3% (+90 bps).
- Inventory down 13% YoY to $1.0B; returned $225M to shareholders via dividends and $176M in buybacks.
- FY2025 outlook reaffirmed: low-single-digit revenue growth and 100-120 bps operating margin expansion in constant currency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037038/000103703824000020/0001037038-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037038/000103703824000020/rl-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001037038-24-000020

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