UPDATE: Ralph Lauren Q1 Adj $2.34 Beats $2.13 Estimate, Sales $1.50B Beat $1.48B Estimate
Portfolio Pulse from Happy Mohamed
Ralph Lauren reported Q1 earnings of $2.34 per share, beating the analyst consensus estimate of $2.13 by 9.86%. This is a 24.47% increase from the same period last year. The company also reported quarterly sales of $1.50 billion, beating the analyst consensus estimate of $1.48 billion by 1.15%. This is a 0.43% increase from the same period last year.
August 10, 2023 | 12:19 pm
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POSITIVE IMPACT
Ralph Lauren's Q1 earnings and sales beat estimates, with a significant YoY increase in earnings per share.
Ralph Lauren's better-than-expected Q1 earnings and sales could lead to a positive market reaction, potentially driving the stock price up in the short term. The significant YoY increase in earnings per share is particularly noteworthy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100