Ralph Lauren reported quarterly results

full year earnings: “EX-99.1 2 rl-20210626ex991xpressrele.htm EX-99.1 Document EXHIBIT 99.1 RALPH LAUREN REPORTS FIRST QUARTER FISCAL 2022 RESULTS • First Quarter Reported Revenues Increased 182% to $1.4 Billion, Exceeding Expectations Led by North America and Europe • Global Digital Ecosystem Accelerated to More than 80% Growth While Owned Digital Commerce Grew More Than 45% to Last Year, with Continued Digital Operating Margin Expansion of 1,400 Basis Points to Fiscal 2020 • First Quarter Average Unit Retail Increased 17% Driven by Continued Brand Elevation and Strong Spring ’21 Full-Priced Selling • Operating Margin of 16.0% on a Reported Basis and 16.8% on an Adjusted Basis Represents Highest First Quarter Adjusted Margin Since Fiscal 2014 with Better Than Expected Gross Margins and Operating Expense Leverage Despite Higher Marketing Investments • Full Year Fiscal 2022 Outlook Raised with Constant Currency Revenues Now Expected to Grow 25% to 30% on a 53-Week Basis and Adjusted Operating Margin Expected in the Range of 12.0% to 12.5% NEW YORK -- (BUSINESS WIRE) -- August 3, 2021 -- Ralph Lauren Corporation (NYSE:RL), a global leader in the design, marketing, and distribution of premium lifestyle products, today reported earnings per diluted share of $2.18 on a reported basis and $2.29 on an adjusted basis, excluding restructuring-related and other net charges for the first quarter of Fiscal 2022.”

second quarter margin: “Operating margin for the second quarter is expected in the range of 13.0% to 14.0% driven primarily by operating expense leverage.”