Why Ralph Lauren Shares Are Gaining Today
Portfolio Pulse from Shivani Kumaresan
Ralph Lauren Corp reported Q4 FY23 sales growth of 1% YoY to $1.54 billion, beating the consensus of $1.47 billion. Global Direct-to-Consumer Comparable Store Sales grew 6%. Adjusted EPS of $0.90 beat the analyst consensus of $0.61. The company expects FY24 revenues to increase in low-single digits.
May 25, 2023 | 3:23 pm
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POSITIVE IMPACT
Ralph Lauren's Q4 FY23 sales growth and adjusted EPS beat analyst expectations, with shares trading higher by 7.4% at $116.26.
Ralph Lauren reported better-than-expected Q4 FY23 sales growth and adjusted EPS, which has led to a positive market reaction with shares trading higher by 7.4%. The company's outlook for FY24 revenue growth in low-single digits also contributes to the positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100