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Ralph Lauren (RL) came out with quarterly earnings of $2.70 per share, beating the Zacks Consensus Estimate of $2.45 per share. This compares to earnings of $2.34 per share a year ago.
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Team USA's official outfitter saw earnings per share jump 15% year over year, as gross margins surged.
Ralph Lauren Corp. RL, +3.22% shares rose 4.2% premarket after the apparel and accessories maker reported better-than-expected first-quarter revenue and earnings, boosted by growth in Europe and Asia. The New York-based company had net income of $168.6 million, or $2.61 a share, for the quarter, up from $132.1 million, or $1.96 a share, in the prior year's quarter.
Note: Ralph Lauren's FY'24 ended March 30, 2024
Ralph Lauren's (RL) Q1 results are likely to reflect gains from core brand strength, robust demand and a resilient digital business, offset by headwinds in the wholesale business and adverse currency.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Ralph Lauren (RL), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
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.
Ralph Lauren (RL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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