Ralph Lauren Q3 Adj. Gross Margin Was 66.4%, 120 bps Above Prior Year
Portfolio Pulse from Benzinga Newsdesk
Ralph Lauren reported a Q3 adjusted gross margin of 66.4%, which is 120 basis points higher than the previous year, indicating improved profitability.
February 08, 2024 | 1:04 pm
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Ralph Lauren's Q3 adjusted gross margin increased to 66.4%, 120 basis points above the prior year, showcasing improved profitability.
The increase in Ralph Lauren's adjusted gross margin indicates the company is becoming more efficient in its operations and cost management, which is a positive sign for investors. This improvement in profitability is likely to be viewed favorably by the market, potentially leading to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100