Ralph Lauren: 3rd quarter better than expected

(CercleFinance.com) - Ralph Lauren reported better-than-expected third-quarter results on Thursday and raised its targets for the current fiscal year.


Over the three months to the end of December, which includes the key Christmas period, the American ready-to-wear and accessories group posted adjusted net earnings of $308 million, or $4.82 per share, compared to a profit of $275 million, or $4.17 per share, a year earlier.

Sales came to $2.1 billion, up 11% on a reported basis and at constant exchange rates.

In a press release, the New York-based group explained that it had benefited from the strength of international demand, particularly in Europe, where sales climbed 16%, but also in Asia (+14%).

Its operating margin improved by 2.3 points year-on-year to 18.7%.

For the current fiscal year 2024/2025, Ralph Lauren now anticipates sales growth of 6% to 7% at constant exchange rates, accompanied by an improvement of 1.2 to 1.6 percentage points in its operating margin.

On the New York Stock Exchange, the stock gained over 16% on Thursday morning on Wall Street in the wake of this publication, posting the strongest rise in the S&P 500 index.

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