Ralph Lauren Reports First Quarter Fiscal 2024 Results and Reiterates Full Year Outlook
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Ralph Lauren (RL) Tops Q1 EPS by 21c
August 10, 2023 8:02 AM EDTRalph Lauren (NYSE: RL) reported Q1 EPS of $2.34, $0.21 better than the analyst estimate of $2.13. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.48 billion.
Full Year Fiscal 2024 and Second Quarter Outlook
For Fiscal 2024, the Company continues to expect revenues to increase approximately low-single digits to last year on a constant currency basis. Based on current exchange rates, foreign currency is now expected to negatively impact revenue growth by approximately 20 basis points in Fiscal 2024.
The Company continues to expect operating margin for Fiscal... More
