Ralph Lauren Corporation Reports Strong Q4 Results

Ralph Lauren Corporation (NYSE:RL) reported its Q4 results, with EPS coming in at $0.49, better than the Street estimate of $0.38. Revenue was $1.5 billion, compared to the Street estimate of $1.46 billion.
The company delivered a solid quarter with broad-based growth across all regions as well as a healthy gross margin at up 45 bps year-over-year.
The company is benefitting from a consumer that is both refreshing its core apparel needs, while at the same time making purchases that reflect an increased need for occasion wear and newness.
The company expects constant currency revenues for the full 2023-year to increase approximately high single digits year-over-year.

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