Ralph Lauren reported quarterly results

full year earnings: “EX-99.1 2 rl-20221231ex991xpressrele.htm EX-99.1 Document EXHIBIT 99.1 RALPH LAUREN REPORTS THIRD QUARTER FISCAL 2023 RESULTS EXCEEDING EXPECTATIONS • Third Quarter Revenue Increased 1% on a Reported Basis and 7% in Constant Currency, Ahead of Expectations, with Positive Sales Growth Across All Regions • Operating Margin of 15.4% on a Reported Basis; Adjusted Operating Margin of 16.0% at High End of Expected Range Driven by Operating Expense Discipline • Continued to Invest in Key Strategic Priorities While Returning Approximately $560 Million in Cash to Shareholders Through Dividends and Share Repurchases This Fiscal Year-to-Date • Reiterated Full Year Fiscal 2023 Outlook of High-Single Digit Net Revenue Growth in Constant Currency While Foreign Currency Outlook Improved; Adjusted Operating Margin Expected in Range of 13.5% to 14.0% in Constant Currency NEW YORK -- (BUSINESS WIRE) -- February 9, 2023 -- Ralph Lauren Corporation (NYSE:RL), a global leader in the design, marketing, and distribution of luxury lifestyle products, today reported earnings per diluted share of $3.20 on a reported basis and $3.35 on an adjusted basis, excluding restructuring-related and other net charges for the third quarter of Fiscal 2023.”

fourth quarter margin: “Operating margin for the fourth quarter is expected to be approximately 5.5% in constant currency, with operating expense leverage more than offsetting continued long-term investments in new consumer recruitment and key city ecosystem expansion.”