Ralph Lauren: FY 2023 NP reaches $523m
(CercleFinance.com) - Ralph Lauren today announced its Q4 and FY 2023 results.
Driven by Asia and Europe, Q4 sales reached $1.5bn, up 1% as reported and up 9% at constant currency, while FY sales were $6.4bn, up 4% (reported) and 10% at constant currency.
Q4 gross profit was $951m, with the group's gross margin reaching 61.7%. Q4 Earnings per diluted share reached $0.48 on a reported basis and $0.90 on an adjusted basis, excluding expenses.
Gross profit for fiscal 2023 was $4.2bn as reported, whie its gross margin was 64.6%. Net income was $523m, or $7.58 per diluted share (as reported). Adjusted net income was $576m or $8.34 per diluted share.
For FY 2024, the company expects revenue to increase in low single digits relative to last year on a constant currency basis. On current exchange rates, foreign currencies are expected to drive revenue growth by approximately 20bp in FY 2024.
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Driven by Asia and Europe, Q4 sales reached $1.5bn, up 1% as reported and up 9% at constant currency, while FY sales were $6.4bn, up 4% (reported) and 10% at constant currency.
Q4 gross profit was $951m, with the group's gross margin reaching 61.7%. Q4 Earnings per diluted share reached $0.48 on a reported basis and $0.90 on an adjusted basis, excluding expenses.
Gross profit for fiscal 2023 was $4.2bn as reported, whie its gross margin was 64.6%. Net income was $523m, or $7.58 per diluted share (as reported). Adjusted net income was $576m or $8.34 per diluted share.
For FY 2024, the company expects revenue to increase in low single digits relative to last year on a constant currency basis. On current exchange rates, foreign currencies are expected to drive revenue growth by approximately 20bp in FY 2024.
Copyright (c) 2023 CercleFinance.com. All rights reserved.