The company said net revenues for Fiscal 2024 rose $187.8 million (2.9%) from the prior year to $6.631 billion. It attributed the increase to its international businesses.

1. 01

   The company said net revenues for Fiscal 2024 rose $187.8 million (2.9%) from the prior year to $6.631 billion. It attributed the increase to its international businesses.

2. 02

   Ralph Lauren said its gross profit margin for Fiscal 2024 rose 220 basis points to 66.8% from 64.6%, and operating income grew $52.2 million (7.4%) to $756.4 million. The operating margin was 11.4%.

3. 03

   The company said net income for Fiscal 2024 was $646.3 million, and diluted earnings per share were $9.71 (compared with $7.58 a year earlier). The effective tax rate was 16.9%, and it included a one-time tax benefit of $13.1 million related to Swiss tax reform.

4. 04

   Ralph Lauren said net cash provided by operating activities for Fiscal 2024 was $1.070 billion (compared with $411.0 million a year earlier), and capital expenditures were $164.8 million. The company said it used $398.2 million to repurchase Class A common stock and that there were no debt issuances or repayments during the period.

Key figures

Fiscal year ended March 30, 2024

Revenue

$6.6B

Operating income

$756M

Net income

$646M

EPS

$9.71

Gross profit

$4.4B

Operating cash flow

$1.1B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.