Ralph Lauren Corporation (NYSE: RL) Posts Strong Q4 Earnings with Impressive Revenue Growth

Thursday, 23 May 2024, 13:42
Ralph Lauren Corporation (NYSE: RL) delivered outstanding results for the fourth quarter of 2024, showing significant improvements in revenue and profit. Q4 earnings witnessed a remarkable surge, with a substantial increase in net income and adjusted earnings per share. The company experienced growth across different regions, with notable increases in revenue across North America, Europe, and Asia.
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Ralph Lauren Corporation (NYSE: RL) Posts Strong Q4 Earnings with Impressive Revenue Growth

Earnings Summary

Ralph Lauren Corporation (NYSE: RL), a leader in the design and distribution of luxury lifestyle products, Thursday reported positive results for the fourth quarter of 2024. Q4 earnings, on a per-share basis, increased to $1.38 from $0.48 in the comparable period last year. Net income increased to $91 million during the three months from $32 million a year earlier. Adjusted earnings per share was $1.71 per share in the April quarter, vs. $0.90 per share in the year-ago period. Revenue increased 2% to $1.6 billion in the fourth quarter on a reported basis, and 3% in constant currency.

Key Highlights:

  • North America: Revenue increased 2% to $668 million
  • Europe: Revenue rose 2% to $469 million
  • Asia: Revenue was up 1% on a reported basis and up 7% in constant currency

Gross profit for the fourth quarter was $1.0 billion, with a gross margin of 66.6%. Ralph Lauren continues to demonstrate strong performance and growth in the luxury lifestyle market.

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