Published on 24 May 2022 on Zacks via Yahoo Finance
Ralph Lauren (RL) Q4 Earnings & Revenue Beat on Brand Strength
Ralph Lauren Corp. RL has posted impressive fourth-quarter fiscal 2022 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate and improved year over year. Results have gained from brand strength and high-potential product categories across all regions, as well as expansion across all channels. It also launched the Morehouse and Spelman college collection in the quarter.Ralph Lauren reported adjusted earnings per share of 49 cents in the fiscal fourth quarter, surpassing the Zacks Consensus Estimate of 30 cents. The bottom line advanced 29% from the prior-year quarter’s 38 cents.Net revenues grew 18% year over year to $1,523 million and beat the Zacks Consensus Estimate of $1,452 million. On a constant-currency basis, revenues were up 22% from the prior-year quarter. The uptick was attributable to double-digit growth across all regions. This was partly offset by the impacts of 360 basis points (bps) from adverse currency rates.The company’s global digital ecosystem witnessed year-over-year low-double-digit revenue growth and revenue growth of more than 80% on a two-year basis. This was driven by strength across owned and wholesale digital channels globally.Shares of the company have lost 23.1% year to date, ahead of the industry’s decline of 34.9%.
