Ralph Lauren (RL) Tops Q2 EPS by 16c
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Ralph Lauren Reports Better Than Expected Second Quarter Fiscal 2023 Results
November 10, 2022 8:01 AM ESTDelivered Second Quarter Revenue Growth of 5% on a Reported Basis and 13% in Constant Currency, Ahead of Expectations Operating Margin of 13.1% on a Reported Basis; Adjusted Operating Margin of 13.4% Slightly Exceeded Outlook with Operating Expense Discipline More Than Offsetting Planned Increases in Freight and Timing of Marketing Investments Continued to Invest in Key Strategic Priorities While Returning Cash to Shareholders Through Dividends and Repurchase of Approximately $170 Million of Class A Common Stock in the Quarter Maintained Full Year Fiscal 2023 Outlook in Constant Currency with Net Revenue Expected to Increase High-Single-Digits and... More
