Ralph Lauren Corporation (NYSE: RL), a leading provider of lifestyle products, on Thursday reported financial results for the first quarter of 2024.
- First-quarter revenue increased modestly, on a reported basis, to $1.50 billion; rose 1% in constant currency
- Global direct-to-consumer comparable store sales grew in low-single digits in Q1, driven by strong full-price retail performance and double-digit AUR growth
- The company maintained a healthy balance sheet with $1.7 billion in cash and short-term investments
- The management reiterated its full-year fiscal 2024 outlook of low-single-digit revenue growth, with adjusted gross and operating margin expansion in constant currency
- Net income was $132 million or $1.96 per share in Q1, on a reported basis, compared to $123 million or $1.73 per share last year
- On an adjusted basis, net income was $158 million or $2.34 per share, compared to $135 million or $1.88 per share in Q1 2023
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Key metrics from Kroger’s (KR) Q3 2025 earnings results
The Kroger Co. (NYSE: KR) reported its third quarter 2025 earnings results today. Total company sales rose to $33.9 billion from $33.6 billion in the same period last year. Identical
Dollar General (DG) Q3 2025 Earnings: Key financials and quarterly highlights
Dollar General Corporation (NYSE: DG) reported its third quarter 2025 earnings results today. Net sales increased 4.6% year-over-year to $10.65 billion. Same-store sales increased 2.5%. Net income was $282.7 million, or
HRL Earnings: All you need to know about Hormel Foods’ Q4 2025 earnings results
Hormel Foods Corporation (NYSE: HRL) reported its fourth quarter 2025 earnings results today. Net sales increased 1.5% year-over-year to $3.18 billion. Organic sales were up 2%. Net loss attributable to Hormel
