Ralph Lauren: quarterly EPS up 30%
Operating income was up 12% to $317 million, while net income for the quarter was $276 million (+28%), giving EPS of $4.25, up 30%.
For the full year, Ralph Lauren reported a 3% increase in sales to $5063 million, and net income up 13% to $555 million, giving EPS of $8.48, up 18%.
"These results underline the diversity of our strategic growth drivers around the world," commented CEO Patrice Louvet.
For fiscal 2024, the Company continues to expect revenue growth on a constant currency basis of around 2%, compared with 1% to 2% previously.
The Company continues to expect the operating margin for fiscal 2024 to increase by around 30 to 50 basis points on a constant currency basis, to between 12.3% and 12.5%, thanks to the expansion of the gross margin.
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