RALPH LAUREN Reports First Quarter Earnings Results for FY2024
August 24, 2023
🌥️Earnings Overview
On June 30, 2023, RALPH LAUREN ($NYSE:RL) reported their earnings results for the first quarter of FY2024. Total revenue for the quarter totaled USD 1496.5 million, representing a 0.4% increase year-over-year. Furthermore, net income was USD 132.1 million, indicating a 7.1% rise from the same quarter in the prior year.
Share Price
The stock opened at $123.3 and closed at $122.3, down 4.8% from its prior closing price of 128.5. Despite the challenging market conditions, the company’s CEO, Patrice Louvet, highlighted the progress made in its strategic initiatives and financial position. He stated that the company was on track to achieve its long-term financial targets while continuing to invest in product innovation, digital and omnichannel capabilities, and marketing investments. Going forward, investors will be closely watching how the company will navigate the current market conditions and leverage its strategic initiatives to drive growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ralph Lauren. More…
| Total Revenues | Net Income | Net Margin |
| 6.45k | 531.4 | 9.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ralph Lauren. More…
| Operations | Investing | Financing |
| 636.4 | 28.4 | -532.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ralph Lauren. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.87k | 4.43k | 37.38 |
Key Ratios Snapshot
Some of the financial key ratios for Ralph Lauren are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.3% | 111.0% | 11.5% |
| FCF Margin | ROE | ROA |
| 6.5% | 19.0% | 6.7% |
Analysis
At GoodWhale, we recently conducted an analysis of RALPH LAUREN‘s fundamentals. After careful review, we determined that, in terms of overall financial and business aspects, RALPH LAUREN is a medium risk investment. We have also detected two risk warnings in the income sheet and balance sheet of RALPH LAUREN. To learn more about these risk warnings, please become a registered user of GoodWhale. We can provide you with the detailed information you need to make an informed decision about investing in RALPH LAUREN. GoodWhale strives to provide all our users with the necessary information in order to make informed and responsible decisions. Sign up now to get access to our comprehensive analysis of RALPH LAUREN’s fundamentals. More…
Peers
Ralph Lauren Corp is one of the leading companies in the fashion industry. The company has been in business for over 50 years and has built a strong brand name. Ralph Lauren Corp competes with other leading companies such as TSI Holdings Co Ltd, Hanesbrands Inc, and Deckers Outdoor Corp. The company has a strong competitive advantage due to its strong brand name and reputation.
– TSI Holdings Co Ltd ($TSE:3608)
TSI Holdings Co Ltd has a market cap of 37.56B as of 2022, a Return on Equity of 1.85%. TSI Holdings Co Ltd is a Japanese conglomerate with interests in a wide range of businesses, including electronics, automotive components, and logistics. The company has a strong presence in Asia and is looking to expand its operations in the Americas and Europe.
– Hanesbrands Inc ($NYSE:HBI)
Hanesbrands Inc is an American clothing company headquartered in Winston-Salem, North Carolina. It was founded in 1901 and has since grown to become one of the largest clothing manufacturers in the world. The company’s products include underwear, socks, t-shirts, and outerwear. Hanesbrands Inc has a market cap of 2.53B as of 2022 and a Return on Equity of 54.97%. The company’s strong financial performance and favorable outlook continue to attract investors.
– Deckers Outdoor Corp ($NYSE:DECK)
Deckers Outdoor Corp is a footwear company with a market cap of 9.23B as of 2022. The company has a return on equity of 23.34%. Deckers Outdoor Corp designs, manufactures, and markets footwear, apparel, and accessories for casual lifestyle use and for use in light activity and sports. The company’s products include footwear for men, women, and children; and apparel and accessories for men, women, and children, as well as for the action sports and outdoor activities markets.
Summary
Investors should take a closer look at Ralph Lauren‘s first quarter FY2024 earnings results, which show total revenue growth of 0.4% year-on-year. Net income was USD 132.1 million, a 7.1% increase compared to the same quarter in the previous year. Despite the positive results, the stock price moved down on June 30th.
This could be attributed to investors expecting a greater increase in net income, which could be an indication of a potentially slowing growth rate. Nonetheless, investors should consider the fact that Ralph Lauren is still growing, which could indicate long-term potential.
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