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.
Ulta Beauty (ULTA) Earnings: 1Q23 Key Numbers
Ulta Beauty, Inc. (NASDAQ: ULTA) reported net sales of $2.6 billion for the first quarter of 2023, up 12.3% from the same period a year ago. Comparable sales grew 9.3%.
Costco (COST) Q3 2023 earnings drop on weak sales growth
Costco Wholesale Corporation (NASDAQ: COST) on Thursday reported a 2% increase in third-quarter 2023 revenues. However, the warehouse behemoth's earnings declined. Third-quarter revenue increased 1.9% to $53.6 billion from $52.6 billion
Key takeaways from Dollar Tree’s (DLTR) Q1 2023 earnings report
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were down 9% on Thursday after the company delivered mixed results for the first quarter of 2023. The discount retailer missed expectations on