Ralph Lauren (RL) Tops Q4 EPS by 4c, Offers Outlook
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Ralph Lauren Reports Fourth Quarter and Full Year Fiscal 2024 Results Ahead of Expectations; Provides Initial Outlook for Fiscal 2025
May 23, 2024 8:01 AM EDTFourth Quarter and Full Year Revenue Exceeded Expectations, with Fourth Quarter Revenue Up 2% on a Reported Basis and 3% in Constant Currency and Full Year Fiscal 2024 Revenue Up 3% in both Reported and Constant Dollars Global Direct-to-Consumer Comparable Store Sales Increased 6% in Both the Fourth Quarter and Full Year, Driven by Continued Brand Elevation with Double-Digit Growth in Average Unit Retail ("AUR") and Full-Price Retail Performance Delivered Fourth Quarter Gross and Operating Margin Expansion Above Our Outlook; Reported Full Year Operating Margin at the High End of Our Expectations and Initial Guide at the Start of Fiscal... More
