Revenue Performance - First quarter revenue increased 1% to $1.5 billion on a reported basis and 3% in constant currency, with growth driven by Europe and Asia[1] - Net revenues for the three months ended June 29, 2024, were $1,512.2 million, a slight increase from $1,496.5 million in the same period last year, representing a growth of 1.1%[26] - Total net revenues for the same period reached $1,512.2 million, up 1.1% from $1,496.5 million year-over-year[30] - North America segment revenues decreased by 3.7% to $608.2 million, while Europe and Asia segments saw increases of 6.3% and 3.6%, respectively[30] - North America revenue decreased 4% to $608 million, with retail comparable store sales increasing 1%[5] - Europe revenue increased 6% to $479 million, with retail comparable store sales up 8%[6] - Asia revenue increased 4% to $391 million, with comparable store sales up 9%[7] Profitability Metrics - Adjusted gross margin was 70.5%, up 170 basis points from the prior year, driven by favorable product and geographic mix shifts[7] - Gross profit for the same period was $1,065.8 million, compared to $1,032.0 million in the prior year, indicating a year-over-year increase of 3.3%[26] - Operating income rose to $208.5 million, up from $166.4 million, reflecting a significant increase of 25.4%[26] - Operating income for the three months ended June 29, 2024, was $208.5 million, compared to $166.4 million in the prior year, reflecting a 25.4% increase[28] - Net income for the quarter was $168.6 million, compared to $132.1 million in the previous year, marking a year-over-year growth of 27.6%[26] - Basic net income per common share increased to $2.67 from $2.01, representing a growth of 33%[26] - Net income for the three months ended June 29, 2024, was $168.6 million, an increase from $132.1 million in the same period last year, representing a 27.5% growth[27] - Operating income was $208.5 million, with an operating margin of 13.8%, adjusted to $226.9 million and 14.8% respectively in constant currency[34] Shareholder Returns - The company returned approximately $225 million to shareholders through dividends and stock repurchases[1] - The company repurchased $201.2 million in common stock during the quarter, significantly higher than $56.8 million in the same period last year[27] Financial Position - The company ended the quarter with $1.8 billion in cash and short-term investments, down 13% in inventory compared to the prior year[12] - Total current assets increased to $3,447.9 million from $3,359.8 million, a rise of 2.6%[25] - Total liabilities rose to $4,274.0 million from $4,152.3 million, reflecting an increase of 2.9%[25] - Cash and cash equivalents decreased to $1,586.9 million from $1,662.2 million, a decline of 4.5%[25] - The company reported an increase in inventories to $1,039.1 million, up from $902.2 million, indicating a rise of 15.2%[25] Future Outlook - Full year Fiscal 2025 outlook reaffirms low-single digit revenue growth and adjusted operating margin expansion of 100 to 120 basis points[1] - Capital expenditures for Fiscal 2025 are expected to be approximately $300 million to $325 million[15] - The company's full year Fiscal 2025 guidance excludes potential restructuring-related and other charges[44] - The second quarter guidance also does not account for any future charges that may be incurred[44] Digital Strategy - The company aims to enhance its digital footprint and capabilities to expand its direct-to-consumer presence[22] - Global direct-to-consumer comparable store sales grew 5%, supported by positive retail comps across all regions[1] - Digital commerce sales in North America declined by 4%, while Europe and Asia saw increases of 14% and 21%, respectively[29] Currency Impact - The company emphasizes the impact of foreign currency exchange rate fluctuations on its reported results, providing constant currency measures for better comparability[41] - Net revenues for the three months ended June 29, 2024, were reported at $1,512.2 million, with a constant currency adjustment resulting in $1,538.3 million[34] Other Financial Information - Total other operating expenses, net, were reported at $(857.3) million, with an operating expense margin of 56.7%[34] - The effective tax rate for the period was 22.1%[34] - Adjustments for the three months ended June 29, 2024, included $3.3 million for restructuring activities and $2.3 million related to the Next Generation Transformation project[37] - The company reported a net cash used in investing activities of $87.6 million, compared to $77.5 million in the previous year[27] - Cash flows from operating activities were $277.3 million, slightly up from $270.7 million year-over-year[27] Store Network Expansion - Ralph Lauren's global retail store network expanded to 565 directly operated stores, up from 560 a year ago, with notable growth in Asia[33]

NEW YORK, Aug. 1, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Ralph Lauren Corporation (NYSE: RL) on behalf of the company's shareholders. The investigation seeks to determine whether Ralph Lauren's directors breached their fiduciary duties in connection with recent corporate actions. If you are a shareholder of Ralph Lauren Corporation and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at: https://pjlfirm. ...

Ralph Lauren (RL) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. Zacks Premium includes access to the Zacks Style Scores as well. Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the ...

Ralph Lauren Corporation (RL) seems to be in a good spot on the back of its sturdy strategic endeavors. The company has been making significant progress in expanding its digital and omnichannel capabilities through investments in mobile, omnichannel and fulfillment. Ralph Lauren's "Next Great Chapter" plan appears encouraging too. Ralph Lauren has been expanding its connected retail capabilities, including virtual selling appointments, buy online, pick up in store, and endless aisle product availability. Th ...

Ralph Lauren has been impressive in the stock market, demonstrating a 42.9% jump in the past year against the industry's decline of 4%. The Zacks Rank #3 (Hold) company also outperformed the broader sector and S&P 500's growth of 5% and 24.8%, respectively. Ralph Lauren's digital businesses, including its directly operated sites, departmentstore.com, pure players and social commerce, have been performing well. The company added more than five million new consumers to its DTC business in fiscal 2024. Its fol ...

Shares of the upscale clothing company witnessed a gain of 9.58% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 0.82% and the S&P 500's gain of 3.34%. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Ralph Lauren. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the compa ...

Ralph Lauren Corporation (RL) seems to be in good shape, thanks to its sturdy strategic endeavors. The company has been making significant progress in expanding its digital and omnichannel capabilities through investments in mobile, omnichannel and fulfillment. Ralph Lauren's "Next Great Chapter" plan appears encouraging too. Strategies in Detail Image Source: Zacks Investment Research As part of the "Next Great Chapter" plan, the company has completed the transition of Chaps to a licensed business, thus co ...

RL Ralph Lauren Key Points Premium apparel maker Ralph Lauren Co. NYSE: RL reported its fiscal Q4 2024 earnings report with lowered guidance, causing a predictability gap in shares the following morning. However, the initial drop to $159.10 reversed as the market reassessed the results, turning sentiment bullish and causing shares to surge back up to $173.45 in the following days. Investors are wondering what caused the sentiment reversal and if the gains will stick. Ralph Lauren competes in the consumer di ...

Asia generated $394.3 million in revenues for the company in the last quarter, constituting 25.2% of the total. This represented a surprise of -5.01% compared to the $415.08 million projected by Wall Street analysts. Comparatively, in the previous quarter, Asia accounted for $446.4 million (23.1%), and in the year-ago quarter, it contributed $390 million (25.3%) to the total revenue. International Market Revenue Projections Wall Street analysts expect Ralph Lauren to report a total revenue of $1.53 billion ...