Ralph Lauren Corporation (NYSE: RL) reported net revenue of $1.5 billion for the fourth quarter of 2023, up 1% year-over-year. Revenue increased 9% in constant currency.
Net income was $32 million, or $0.48 per share, compared to $24 million, or $0.34 per share last year. Adjusted net income was $61 million, or $0.90 per share.
For the first quarter of 2024, Ralph Lauren expects revenues to be flat to up slightly to last year on a constant currency basis. On a reported basis, revenues are expected to be down slightly to the prior year.
For FY2024, the company expects revenues to increase approx. low-single digits to last year on a constant currency basis.
Most Popular
LULU Earnings: Lululemon reports higher sales and profit for Q1 2024
Lululemon Athletica (NASDAQ: LULU) reported an increase in revenues and profit for the first quarter of 2024. The athletic wear company also issued guidance for the second quarter and FY24.
NIO Earnings: Nio reports net loss for Q1 2024; revenues down 7%
NIO Inc. (NYSE: NIO) reported a net loss for the first quarter of 2024 when the electric car maker's revenues dropped 7%. The China-based company also issued guidance for the
JM Smucker (SJM) Q4 2024 Earnings: Key financials and quarterly highlights
The J.M. Smucker Co. (NYSE: SJM) reported its fourth quarter 2024 earnings results today. Net sales decreased 1% year-over-year to $2.2 billion. Net income was $245.1 million, or $2.30 per
