Ralph Lauren Corp - Ordinary Shares - Class A

NYSE:RL  
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Ralph Lauren Reports Q4 Adjusted EPS Of $0.49

Published: 05/24/2022 12:16 GMT
Ralph Lauren Corp - Ordinary Shares - Class A (RL) - Ralph Lauren Reports Fourth Quarter and Full Year Fiscal 2022 Results Ahead of Expectations.
Q4 Adjusted Earnings per Share $0.49 Excluding Items.
Q4 Earnings per Share $0.34.
Q4 Revenue $1.5 Billion.
Board of Directors Approves 9% Dividend Increase.
Ralph Lauren-outlook for Fiscal 2023 Net Revenue Growth of High Single Digits on 52-week Comparable Basis in Constant Currency Fueled by North America.
North America Revenue in Q4 Increased 19% to $674 Million.
Expects Operating Margin for Fiscal 2023 in a Range of Approximately 14.0% to 14.5% in Constant Currency.
Europe Revenue in Q4 Increased 26% to $467 Million on a Reported Basis.
Q4 Revenues Outperformed Outlook With Double-digit Growth Across All Regions.
Asia Revenue in Q4 Increased 20% to $346 Million on a Reported Basis.
Q1 Outlook Reflects Confirmed Government-mandated Lockdowns and Other Covid-related Restrictions, Notably in China.
Planning Capital Expenditures for Fiscal 2023 of Approximately $290 Million to $310 Million.
Q4 Earnings per Share View $0.36, Revenue View $1.46 Billion -- Refinitiv Ibes Data (analyst estimates).
Expects Operating Margin for Fiscal 2023 in a Range of Approximately 14.0% to 14.5% in Constant Currency.
FY Gross Margin is Expected to Increase 30 to 50 Basis Points in Constant Currency on a 52-week Comparable Basis.
Foreign Currency is Expected to Negatively Impact Gross Margins by Approximately 110 Basis Points in Fiscal 2023.