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Ralph Lauren Corporation

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Ralph Lauren increased 1.8% to $175.01 after the fashion apparel and accessories maker reported better-than-expected quarterly results.

Revenue in the fiscal third quarter ending in December increased 6% to $1.9 billion from $1.8 billion, net income advanced to $276.6 million from $216.5 million, and diluted earnings per share rose to $4.19 from $3.20 a year ago.

Inventories at the end of the third quarter declined 15% to $1.1 billion, with the planned decline in North America and Europe offsetting the slight increase in Asia to support growth initiatives.

Sales struggled in North America, rebounded in Europe after the lapping of wholesale discounts offered last year, and surged in Asia.

North American sales were flat at $993 million, and comparable store sales at retail outlets increased by 5%, driven by a 6% increase in physical store sales and a 4% rise in online sales.

Revenue in Europe surged 11% to $522 million, driven by 11% in comparable store sales after physical stores rose 11% and online sales advanced 12%.

Revenue in Asia increased 16% to $446 million, driven by a 14% advance in comparable store sales, a 13% rise in physical store sales, and a 25% surge in online sales.

The company reiterated its full-year fiscal 2024 outlook of low-single-digit revenue growth and returned $425 million to shareholders through dividends and stock repurchases in the fiscal year to date.
Feb 10, 2024

Year	Jun	Sep	Dec	Mar	Annual

2023	0.47	1.96	2.19	-	-
2022	0.39	1.73	2.18	3.20	7.58
2021	-0.98	2.18	2.57	2.93	8.07
2020	-3.24	-1.75	-0.53	1.61	-1.65
2019	1.07	1.77	2.55	2.86	4.98
2018	0.90	1.54	2.26	2.32	5.27
2017	0.89	1.11	1.99	2.03	6.02
2016	0.88	1.06	1.90	1.86	5.7
2015	1.41	1.09	2.13	2.27	6.9
2014	1.80	2.25	2.41	1.69	8.43
2013	1.94	2.23	2.57	1.37	8
2012	2.03	2.29	2.31	0.99	7.13
2011	1.90	2.46	1.78	0.73	5.75
2010	1.21	2.09	1.72	1.12	4.73
2009	0.76	1.75	1.10	0.45	4.01
2008	0.93	1.58	1.05	1.00	3.99
2007	0.82	1.09	1.08	0.68	3.73
2006	0.74	1.28	1.03	0.58	2.87
2005	0.48	0.97	0.84	0.22	1.83