RL - Ralph Lauren's Fashionable Finish To FY24: Sales Rise Dividend Boosted And New CFO On Board | Benzinga
Ralph Lauren Corp (NYSE:RL) reported fourth-quarter FY24 sales growth of 2% year-on-year to $1.568 billion, marginally beating the analyst consensus estimate of $1.563 billion.
Foreign currency negatively impacted revenue growth by approximately 110 basis points in the fourth quarter. Global direct-to-consumer comparable store sales increased 6%.
Revenue in North America increased by 2% to $668 million, Europe increased by 2% to $469 million, and Asia grew by 1% to $394 million.
Gross profit was $1 billion, with a gross margin of 66.6%. Adjusted gross margin was also 66.6%, 480 basis points above the ...