Ralph Lauren Corp - Ordinary Shares - Class A

NYSE:RL   4:00:00 PM EDT
113.12
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4:20:26 PM EDT: $113.12 0.00 (0.00%)
Other Pre-Announcement

Ralph Lauren Reports Second Quarter Results

Published: 11/10/2022 13:23 GMT
Ralph Lauren Corp - Ordinary Shares - Class A (RL) - Ralph Lauren Reports Better Than Expected Second Quarter Fiscal 2023 Results.
Q2 Adjusted Earnings per Share $2.23.
Maintained Full Year Fiscal 2023 Outlook in Constant Currency With Net Revenue Expected to Increase High-single-digits.
Maintained Full Year Fiscal 2023 Outlook Adjusted Operating Margin at Low End of Prior Range of 14.0% to 14.5%.
Qtrly Revenue $ 1,579.9 Million Versus $1,504.1 Million.
Qtrly Earnings per Diluted Share of $2.18 on a Reported Basis.
Q2 Earnings per Share View $2.08, Revenue View $1.56 Billion -- Refinitiv Ibes Data (analyst estimates).
Inventory at End of Q2 of Fiscal 2023 Was $1.3 Billion, Up 36% Compared to Prior Year Period.
Ralph Lauren - Based on Current Exchange Rates, Foreign Currency Now Expected to Negatively Impact Revenue Growth by About 730 Basis Points in Fiscal 2023.
For Q3, Company Expects Revenue to Increase Low- to Mid-single Digits in Constant Currency to Last Year.
Moderated Its Plan for Capital Expenditures for Fiscal 2023 to Approximately $250 Million to $275 Million Based on Timing of Projects.
Third Quarter and Second Half Outlook Reflects Increased Caution Around Consumer Sentiment in Europe and North America.
Q3 Earnings per Share View $3.03, Revenue View $1.80 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2023 Earnings per Share View $7.77, Revenue View $6.32 Billion -- Refinitiv Ibes Data (analyst estimates).