Ralph Lauren: Q1 EPS up a quarter

(CercleFinance.com) - Ralph Lauren today reports adjusted EPS (excluding restructuring charges and other exceptional items) of $2.
34 for Q1 2023-24 fiscal year, up 24.5% y-o-y.

The upmarket fashion house improved its adjusted operating margin by 70bp to 13.4%, on sales that inched up (+1% at constant exchange rates) to $1.5bn, which were particularly driven by Asia (+18%).

Ralph Lauren has confirmed its annual target of "low single-digit" percentage growth in revenues, with an expansion in adjusted gross and operating margins at constant exchange rates.


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