Ralph Lauren reports $2.80 earnings per share, beating analyst expectations
Ralph Lauren reported fourth-quarter adjusted earnings of $2.80 per share on revenue of $1.98 billion, exceeding analyst expectations of $2.52 per share.
The company’s revenue also surpassed forecasts of $1.85 billion. Asia led all regions with revenue up 31% on a reported basis and 28% in constant currency.
The company attracted 6.5 million new direct-to-consumer customers during the year and raised its quarterly dividend by 10% to $1.00 per share. For the full fiscal year, Ralph Lauren crossed $8 billion in revenue for the first time, posting $8.1 billion, up 15% on a reported basis.
Full-year adjusted operating margin reached 16.0%, up 200 basis points from the prior year, driven by mid-teens growth in average unit retail prices and stronger full-price selling.