Ralph Lauren's Fashionable Finish To FY24: Sales Rise, Dividend Boosted, And New CFO On Board
Portfolio Pulse from Shivani Kumaresan
Ralph Lauren Corp (NYSE:RL) reported a 2% year-on-year sales growth for Q4 FY24, slightly beating analyst estimates. The company also announced a 10% increase in its quarterly dividend and appointed a new CFO. The outlook for FY25 includes low-single-digit revenue growth and operating margin expansion.
May 23, 2024 | 2:15 pm
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Ralph Lauren Corp reported a 2% sales growth for Q4 FY24, slightly beating analyst estimates. The company also announced a 10% increase in its quarterly dividend and appointed a new CFO. The outlook for FY25 includes low-single-digit revenue growth and operating margin expansion.
The positive earnings report, dividend increase, and new CFO appointment are likely to boost investor confidence. The company's outlook for FY25 also suggests continued growth, which should positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100