Ralph Lauren (RL) Tops Q1 EPS by $1.43
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Ralph Lauren Reports First Quarter Fiscal 2022 Results
August 3, 2021 8:01 AM EDTFirst Quarter Reported Revenues Increased 182% to $1.4 Billion, Exceeding Expectations Led by North America and Europe Global Digital Ecosystem Accelerated to More than 80% Growth While Owned Digital Commerce Grew More Than 45% to Last Year, with Continued Digital Operating Margin Expansion of 1,400 Basis Points to Fiscal 2020 First Quarter Average Unit Retail Increased 17% Driven by Continued Brand Elevation and Strong Spring 21 Full-Priced Selling Operating Margin of 16.0% on a Reported Basis and 16.8% on an Adjusted Basis Represents Highest First Quarter Adjusted Margin Since Fiscal 2014 with Better Than Expected Gross Margins and Operating Expense Leverage Despite Higher Marketing... More
