Ralph Lauren (RL) Tops Q4 EPS by 30c
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Ralph Lauren Reports Fourth Quarter and Full Year Fiscal 2023 Results Ahead of Expectations; Provides Initial Outlook for Fiscal 2024
May 25, 2023 8:01 AM EDTFourth Quarter and Full Year Revenue Exceeded Expectations, Led by Asia and Europe, with Fourth Quarter Revenue Up 1% on a Reported Basis and 9% in Constant Currency on a 13-Week Comparable Basis and Full Year Fiscal 2023 Revenue Up 4% and 10%, Respectively Global Direct-to-Consumer Comparable Store Sales Grew 6% in the Fourth Quarter, Driven by Continued Brand Elevation with Double-Digit Average Unit Retail ("AUR") Growth and Full-Price Retail Performance Delivered Better Than Expected Fourth Quarter Operating Margin Expansion and Operating Profit Growth Despite Significant Cost and Foreign Currency... More
