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
Infographic: How Lennar (LEN) performed in Q4 2025
Lennar Corporation (NYSE: LEN) reported total revenues of $9.4 billion for the fourth quarter of 2025, compared to $9.9 billion reported in the same period a year ago. Net earnings
Paychex expected to report higher revenue and earnings for Q2 FY26
Paychex, Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is undergoing an AI-driven transformation that enhances both its internal operations and client-facing services. Entering fiscal 2026, the
Signet Jewelers (SIG): A look at the progress made on Grow Brand Love
Shares of Signet Jewelers Limited (NYSE: SIG) fell over 3% on Tuesday. The stock has gained 3% year-to-date. The jewelry retailer delivered strong results for the third quarter of 2026,
