Ralph Lauren said net revenues for the quarter ended September 28, 2024 increased $93.0 million, or 5.7%, to $1.726 billion from the prior-year period. The company said growth came across all of its reportable segments.

1. 01

   Ralph Lauren said net revenues for the quarter ended September 28, 2024 increased $93.0 million, or 5.7%, to $1.726 billion from the prior-year period. The company said growth came across all of its reportable segments.

2. 02

   The company said gross profit for the quarter rose 8.0% to $1.156 billion, and gross margin increased 150 basis points to 67.0% from 65.5%. The company cited product, channel and geographic mix shifts, lower cotton costs and AUR growth as factors.

3. 03

   The company said operating income for the quarter rose 8.8% to $178.9 million, and net income increased from $146.9 million to $147.9 million. Diluted earnings per share were $2.19 compared with $2.31, and the company said higher income tax expense partially offset the increase in net income.

4. 04

   The company said operating cash flow for the 6 months ended September 28, 2024 was $374.5 million, and it used $274.7 million to repurchase Class A common stock under its share repurchase program.

Key figures

Quarter ended September 28, 2024

Revenue

$1.7B

Operating income

$179M

Net income

$148M

EPS

$2.31

Gross profit

$1.2B

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

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