Ralph Lauren Corporation (NYSE: RL) reported net revenue of $1.5 billion for the fourth quarter of 2023, up 1% year-over-year. Revenue increased 9% in constant currency.
Net income was $32 million, or $0.48 per share, compared to $24 million, or $0.34 per share last year. Adjusted net income was $61 million, or $0.90 per share.
For the first quarter of 2024, Ralph Lauren expects revenues to be flat to up slightly to last year on a constant currency basis. On a reported basis, revenues are expected to be down slightly to the prior year.
For FY2024, the company expects revenues to increase approx. low-single digits to last year on a constant currency basis.
Most Popular
LMT Earnings: A snapshot of Lockheed Martin’s Q1 2024 financial results
Aerospace company Lockheed Martin Corporation (NYSE: LMT) Tuesday reported lower earnings for the first quarter of 2024, despite an increase in sales. The company also reaffirmed its fiscal 2024 guidance.
General Motors (GM) Q1 2024 Earnings: Key financials and quarterly highlights
General Motors Co. (NYSE: GM) reported its first quarter 2024 earnings results today. Revenue increased 7.6% year-over-year to $43 billion. Net income attributable to stockholders increased 24.4% to $2.98 billion
GE Earnings: General Electric Q1 2024 adj. profit jumps on higher revenues
The General Electric Company (NYSE: GE), which became three separate companies after a recent split -- GE Aerospace, GE Venova, and GE Healthcare -- reported a sharp increase in adjusted
