RALPH LAUREN Reports FY2024 Q1 Earnings Results for Period Ending June 30 2023
August 15, 2023
🌥️Earnings Overview
Ralph Lauren ($NYSE:RL) Corporation reported its fiscal year 2024 first-quarter earnings for the three months ending June 30th 2023 on August 10th 2023. Total revenue came in at USD 1496.5 million, a slight 0.4% increase from the same period in the previous year. Net profits rose to USD 132.1 million, representing a 7.1% growth year-over-year.
Stock Price
On Thursday, Ralph Lauren reported their first quarter earnings results for the period ending June 30 2023. The stock opened at $123.3 but closed at just $122.3, representing a 4.8% drop from the previous day’s closing price of 128.5. Analysts attribute the decline to the macroeconomic environment, as well as the increasing competition Ralph Lauren faces from other luxury brands. Despite these challenges, Ralph Lauren has exhibited strong growth in its e-commerce business and has developed innovative strategies to improve its brand presence in the digital world.
Ralph Lauren is optimistic about the future and plans to invest in new product categories and expand into emerging markets. These strategies should enable the company to remain competitive and drive sustainable growth over the coming years. 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 have completed a thorough analysis of Ralph Lauren‘s financials. Our risk rating for this company is medium, meaning that there are certain risks associated with investing in this company. These risks can be found in both the income sheet and balance sheet. If you are interested in further examining the risks, please register on goodwhale.com and we can provide you with more detailed information. We have detected two risk warnings in the financials of this company and would recommend that potential investors do their own due diligence before investing. 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
RALPH LAUREN reported their FY2024 Q1 earnings results for the period ending June 30 2023, with total revenue reaching USD 1496.5 million, representing a 0.4% increase year-over-year. Net income also experienced 7.1% growth year-over-year, reaching USD 132.1 million. Despite the positive overall financial performance, investors were not all convinced, and the stock price dropped on the same day. While the company has demonstrated sustainable growth in the past, investors will need to consider if this trend will continue in the long run before making an investment decision.
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