Ralph Lauren (RL) Tops Q2 EPS by 18c
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Ralph Lauren Reports Second Quarter Fiscal 2024 Results Ahead of Expectations
November 8, 2023 8:01 AM ESTSecond Quarter Revenue Increased 3% on a Reported Basis and 2% in Constant Currency, Ahead of Expectations, Led by Continued Momentum in Asia Global Direct-to-Consumer Comparable Store Sales Accelerated to 6% Growth in the Quarter, Driven by Positive Retail Comps Across All Regions and Channels and 10% AUR Growth Delivered Gross and Operating Margins Above Our Outlook, with Continued Brand Elevation and Expense Discipline More than Offsetting Ongoing Product Cost Headwinds and Higher Planned Marketing and Digital Investments in the Period Drove Healthy Inventory Positioning Entering Holiday, with Global Inventories Down 5% to Prior Year Returned Approximately... More
