RALPH LAUREN Reports Q1 Earnings Results for FY2024
August 23, 2023
🌥️Earnings Overview
On August 10, 2023, RALPH LAUREN ($NYSE:RL) reported its FY2024 Q1 earnings results for the period ending June 30, 2023. The company’s total revenue for the quarter was USD 1496.5 million, demonstrating a 0.4% year-over-year increase. Net income saw a 7.1% growth in comparison to the same quarter last year at USD 132.1 million.
Price History
The stock opened at $123.3 and closed at $122.3, showing a 4.8% decrease from the last closing price of $128.5. This marks a significant drop in the company’s performance since the start of the fiscal year. As the world continues to grapple with the effects of the pandemic, it appears that the luxury fashion giant is not immune to the market’s volatility. Although the stock has taken a hit, investors remain optimistic about the company’s future prospects.
Investors are also hoping to see progress on Ralph Lauren’s strategic initiatives, which include an expected improvement in digital business, greater focus on sustainability and innovation, and an expansion into new geographies. The Q1 earnings report was a stark reminder of the current market conditions, but investors remain hopeful that RALPH LAUREN will be able to make a comeback in the upcoming quarters. 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 wellbeing. Based on our Risk Rating model, RALPH LAUREN is a medium risk investment in terms of financial and business aspects. In order to provide an even deeper understanding of the company, we have detected two risk warnings in the income sheet and balance sheet. If you’d like to find out more about these warnings, make sure to register with us and check it out. Our team is here to answer all your questions and provide you with valuable insight into the wellbeing of your investments. 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 Corporation reported its fiscal year 2024 Q1 earnings results on August 10 2023, with total revenue of USD 1496.5 million and a net income of USD 132.1 million. The revenue was seen as a slight 0.4% increase compared to the same period of the previous year while net income grew 7.1% year-over-year. Despite these positive figures, investor sentiment was not particularly strong and the stock price moved down on the same day.
Investors may want to consider whether the company’s fundamentals and outlook are strong enough to justify buying at current levels given the current macroeconomic conditions. They should also take into account any potential risks associated with the stock before deciding whether to invest in Ralph Lauren.
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