Ralph Lauren reported quarterly results

full year earnings: “EX-99.1 2 rl-20240629ex991xpressrele.htm EX-99.1 Document EXHIBIT 99.1 RALPH LAUREN REPORTS FIRST QUARTER FISCAL 2025 RESULTS AND REAFFIRMS FULL YEAR OUTLOOK • First Quarter Revenue Increased 1% on a Reported Basis and 3% in Constant Currency, Ahead of Expectations Led by Growth in Europe and Asia • Global Direct-to-Consumer Comparable Store Sales Grew 5%, Driven by Positive Retail Comps Across All Regions • Adjusted Gross and Operating Margin Expansion Exceeded Our Outlook, with Brand Elevation and Expense Discipline More than Offsetting Investments in Marketing and Ecosystem Expansion • Maintained Healthy Balance Sheet Including $1.8 Billion in Cash and Short-Term Investments and Well Positioned Inventories, Down 13% to Last Year • Returned Approximately $225 Million to Shareholders Through Our Dividend and Repurchase of Class A Common Stock • Reaffirmed Full Year Fiscal 2025 Outlook of Low-Single Digit Revenue Growth and Adjusted Operating Margin Expansion of 100 to 120 Basis Points, Both in Constant Currency Compared to Prior Year NEW YORK -- (BUSINESS WIRE) -- August 7, 2024 -- Ralph Lauren Corporation (NYSE:RL), a global leader in the design, marketing, and di stribution of luxury lifestyle products, today reported earnings per diluted share of $2.61, up 33% to prior year on a reported basis and $2.70, up 15% on an adjusted basis, excluding restructuring-related and other net charges, for the first quarter of Fiscal 2025.”