Ralph Lauren (RL) Tops Q1 EPS by 17c
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Ralph Lauren Reports First Quarter Fiscal 2023 Results
August 9, 2022 8:01 AM EDTDelivered First Quarter Revenue Growth of 8% on a Reported Basis and 13% on a Constant Currency Basis, Ahead of Expectations Driven by Strong Growth Across All Regions and a Mid-Teens Comparable Store Sales Increase First Quarter Adjusted Operating Margin of 12.7% Exceeded Outlook with Operating Expense Discipline More Than Offsetting Higher Freight Costs to Fulfill Stronger Consumer Demand Continued to Drive Investments in Key Strategic Priorities While Returning Cash to Shareholders Through Dividends as well as Repurchase of $213 Million of Class A Common Stock in the Quarter Reiterated Full Year Fiscal 2023 Outlook of High-Single... More
