AI English summary of an SEC filing — figures as filed
Ralph Lauren RLThe company said fiscal 2024 revenue, which ended on March 30, 2024, rose 3% to $6.6 billion, and diluted earnings per share were $9.71 on a reported basis and $10.31 on an adjusted basis. The comparable figures for the prior year were $7.58 and $8.34, respectively.
Key points
AI summaryThe company said fiscal 2024 revenue, which ended on March 30, 2024, rose 3% to $6.6 billion, and diluted earnings per share were $9.71 on a reported basis and $10.31 on an adjusted basis. The comparable figures for the prior year were $7.58 and $8.34, respectively.
Ralph Lauren said its adjusted gross margin for fiscal 2024 in Q4 was 66.6%, up 480 basis points from the prior year, and its adjusted operating margin was 8.7%. It cited lower freight costs, favorable channel and geographic mix shifts, and AUR growth as drivers of the gross margin expansion.
Ralph Lauren reported that operating cash flow for fiscal 2024 was $1,069.7 million, and that it repurchased approximately $398 million of Class A Common Stock over the year. Inventory at the end of the fiscal year was $902 million, down 16% from the prior year period.
The company expects fiscal 2025 revenue to increase low-single digits on a constant currency basis, centering on about 2% to 3%. It plans operating margin expansion of approximately 100 to 120 basis points in constant currency, and capital expenditures of approximately $300 million to $325 million.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.
Full-Year Fiscal Results and EPS
The company said fiscal 2024 revenue, which ended on March 30, 2024, rose 3% to $6.6 billion, and diluted earnings per share were $9.71 on a reported basis and $10.31 on an adjusted basis. The comparable figures for the prior year were $7.58 and $8.34, respectively.
Source · Based on the filing body and exhibits
Q4 Margin Expansion and Company Commentary
Ralph Lauren said its adjusted gross margin for fiscal 2024 in Q4 was 66.6%, up 480 basis points from the prior year, and its adjusted operating margin was 8.7%. It cited lower freight costs, favorable channel and geographic mix shifts, and AUR growth as drivers of the gross margin expansion.
Source · Based on the filing body and exhibits
Cash Flow, Shareholder Returns and Inventory
Ralph Lauren reported that operating cash flow for fiscal 2024 was $1,069.7 million, and that it repurchased approximately $398 million of Class A Common Stock over the year. Inventory at the end of the fiscal year was $902 million, down 16% from the prior year period.
Source · Based on the filing body and exhibits
Fiscal 2025 Outlook
The company expects fiscal 2025 revenue to increase low-single digits on a constant currency basis, centering on about 2% to 3%. It plans operating margin expansion of approximately 100 to 120 basis points in constant currency, and capital expenditures of approximately $300 million to $325 million.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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