China’s broader economy may be struggling, but that doesn’t seem to be stopping consumers there from splurging on more luxury clothes.Inflation data out of China on Thursday showed that prices in January dropped a “concerningly low” 0.8% from a year ago, the biggest drop since the tail-end of the financial crisis in the fall of 2009 and the fourth straight month of declines.And despite a bounce this week, China’s benchmark stock index, the SSE Composite CN:510210, has fallen 5.1% so far in 2024 — continuing ...

Ralph Lauren Corporation (RL) has posted impressive third-quarter fiscal 2024 results, wherein the top and bottom lines beat the Zacks Consensus Estimate. Results have gained from robust demand and brand strength. The company has been on track with its Next Great Chapter: Accelerate plan.RL has reported adjusted earnings per share of $4.17 for the fiscal third quarter, surpassing the Zacks Consensus Estimate of $3.53. Also, the bottom line increased 24% year over year.Net revenues grew 6% year over year to ...

Financial Data and Key Metrics Changes - The company reported a 5% total revenue growth in Q3, exceeding expectations, driven by strong double-digit growth in Asia and holiday outperformance in Europe [34][33] - Adjusted operating profit and double-digit EPS growth were achieved, with total company adjusted gross margin expanding 130 basis points to 66.5% [42][33] - Total DTC penetration expanded approximately 400 basis points compared to last year, contributing to the top line growth [34] Business Line Data and Key Metrics Changes - Core products, representing about 70% of the business, grew low double digits in the quarter, outperforming total company growth [18][20] - Women's category, identified as a significant long-term growth opportunity, saw elevated assortment with average unit retail (AUR) up mid-teens [21][20] - The outlet channel showed healthy improvement, with positive comps driven by product elevation and enhanced selling experiences [45][94] Market Data and Key Metrics Changes - Asia led growth with a 17% revenue increase, particularly strong in China where sales increased more than 30% [51][28] - North America revenue was approximately flat to last year, with retail comps increasing 5% [45][34] - Europe experienced a 6% revenue increase, with retail comps up 11% [48][34] Company Strategy and Development Direction - The company is focused on three strategic pillars: elevating the lifestyle brand, driving core products, and winning in key cities with a consumer ecosystem [12][12] - Continued investment in direct-to-consumer channels is emphasized, which now represent about two-thirds of company sales [24][71] - The company plans to open approximately 250 new stores over a three-year horizon, maintaining a focus on top cities globally [90][91] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining momentum despite a volatile backdrop, citing resilience built into their approach [69][72] - The outlook for fiscal '24 anticipates constant currency revenues to increase low single digits, with a focus on cautious management of the wholesale channel [56][60] - The company expects gross margin expansion driven by favorable freight costs and continued growth in AUR, despite ongoing cotton cost headwinds [58][60] Other Important Information - The company returned approximately $425 million to shareholders through dividends and share repurchases year-to-date [40] - Net inventory decreased 15%, indicating strong sales performance and healthy wholesale inventories [53][54] - The company was named one of Forbes World's Best Employers in 2023, reflecting its commitment to citizenship and sustainability [30] Q&A Session Summary Question: Maintaining Momentum in a Volatile Backdrop - Management highlighted resilience in their approach, focusing on brand investment and a broad portfolio of iconic products to drive desirability across regions [69][70] Question: Constraints on Operating Margin Target - Management remains committed to a 15% constant currency operating margin, emphasizing agility in navigating a volatile environment [76] Question: North America Wholesale Performance - Management noted a cautious outlook for North America wholesale, with expectations of more balance between sell-out and sell-in in the future [80][81] Question: Direct-to-Consumer Business Enthusiasm - Management expressed strong enthusiasm for the direct-to-consumer business, highlighting successful store openings and consumer engagement [83][90] Question: Fourth Quarter Gross Margin Drivers - Management indicated that cotton costs would transition to a tailwind, contributing positively to gross margins in the fourth quarter [100][101] Question: Impact of Operating Margin Next Year - Management expects favorable dynamics for operating margin expansion, driven by a more balanced focus between sell-in and sell-out [104]

For the quarter ended December 2023, Ralph Lauren (RL) reported revenue of $1.93 billion, up 5.6% over the same period last year. EPS came in at $4.17, compared to $3.35 in the year-ago quarter.The reported revenue represents a surprise of +3.71% over the Zacks Consensus Estimate of $1.86 billion. With the consensus EPS estimate being $3.53, the EPS surprise was +18.13%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...

Ralph Lauren (RL) came out with quarterly earnings of $4.17 per share, beating the Zacks Consensus Estimate of $3.53 per share. This compares to earnings of $3.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.13%. A quarter ago, it was expected that this upscale clothing company would post earnings of $1.92 per share when it actually produced earnings of $2.10, delivering a surprise of 9.38%.Over the last four quarters, t ...

NEW YORK--(BUSINESS WIRE)--Ralph Lauren Corporation (NYSE:RL), a global leader in the design, marketing, and distribution of luxury lifestyle products, today reported earnings per diluted share of $4.19, up 31% to prior year on a reported basis and $4.17, up 24% on an adjusted basis, excluding restructuring-related and other net charges for the third quarter of Fiscal 2024. This compared to earnings per diluted share of $3.20 on a reported basis and $3.35 on an adjusted basis, excluding restructuring-relate ...

26 December 2023, North Rhine-Westphalia, Cologne: Logo, lettering of the textile company Polo Ralph ... [+] Lauren on a store. Photo: Horst Galuschka/dpa (Photo by Horst Galuschka/picture alliance via Getty Images)dpa/picture alliance via Getty ImagesNote: Ralph Lauren’s FY’23 ended on April 1, 2023 Ralph Lauren (NYSE: RL), a company engaged in the design, marketing, and distribution of premium lifestyle products, including apparel, accessories, fragrances, and home furnishings, is scheduled to report its ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) 650 Madison Avenue, 10022 New York, New York (Zip Code) (Address of principal executive of ices) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-13057 Ralph Lauren Corporation (Exact name of registrant as s ...

Investors are always looking for stocks that are poised to beat at earnings season and Ralph Lauren Corporation (RL) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Ralph Lauren is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a prett ...

The upcoming report from Ralph Lauren (RL) is expected to reveal quarterly earnings of $3.53 per share, indicating an increase of 5.4% compared to the year-ago period. Analysts forecast revenues of $1.86 billion, representing an increase of 1.8% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 2.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a compan ...