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
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
