Ralph Lauren Corporation (NYSE: RL), a leader in the design and distribution of luxury lifestyle products, Thursday reported positive results for the fourth quarter of 2024.
- Q4 earnings, on a per-share basis, increased to $1.38 from $0.48 in the comparable period last year
- Net income increased to $91 million during the three months from $32 million a year earlier
- Adjusted earnings per share was $1.71 per share in the March quarter, vs. $0.90 per share in the year-ago period
- Revenue increased 2% to $1.6 billion in the fourth quarter on a reported basis, and 3% in constant currency
- North America revenue increased 2% to $668 million in Q4, while Europe revenue rose 2% to $469 million
- At $394 million, Asia revenue was up 1% on a reported basis and up 7% in constant currency
- Gross profit for the fourth quarter was $1.0 billion and gross margin came in at 66.6%