Ralph Lauren said net revenues for the 3 months ended December 28, 2024 increased $209.5 million, or 10.8%, to $2.143 billion, reflecting growth across all reportable segments. On a constant currency basis, net revenues increased $216.4 million, or 11.2%, excluding unfavorable foreign currency effects of $6.9 million.

1. 01

   Ralph Lauren said net revenues for the 3 months ended December 28, 2024 increased $209.5 million, or 10.8%, to $2.143 billion, reflecting growth across all reportable segments. On a constant currency basis, net revenues increased $216.4 million, or 11.2%, excluding unfavorable foreign currency effects of $6.9 million.

2. 02

   Ralph Lauren said gross profit for the 3 months increased $1.466 billion, or 14.0%, and gross profit as a percentage of net revenues rose 190 basis points to 68.4% from 66.5%. Operating income increased $389.7 million, or 22.6%, and operating income as a percentage of net revenues was 18.2%.

3. 03

   Ralph Lauren said net income for the 3 months increased to $297.4 million from $276.6 million, and diluted net income per share increased to $4.66 from $4.19. The effective tax rate for the period was 22.5%, higher than 16.1% in the prior-year comparable period. The company cited the absence of a prior-year favorable deferred tax adjustment as the reason.

4. 04

   Ralph Lauren said net cash provided by operating activities for the 9 months ended December 28, 2024 was $1.113 billion, an increase of $164.2 million from $948.7 million in the prior-year period. During the same period, the company used $348.5 million for its Class A common stock repurchase program, and $56.1 million in shares were surrendered or withheld for tax withholding purposes.

Key figures

Quarter ended December 28, 2024

Revenue

$2.1B

Operating income

$390M

Net income

$297M

EPS

$4.66

Gross profit

$1.5B

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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