Ralph Lauren Expects Q2 Constant Currency Revenues To Grow Approximately Low- To Mid-Single Digits To Last Year, In Range Centered Around 3% To 4%
Portfolio Pulse from Benzinga Newsdesk
Ralph Lauren expects Q2 constant currency revenues to grow by 3% to 4% compared to last year, with foreign currency negatively impacting revenue growth by 160 basis points. Operating margin is expected to expand by 80 to 120 basis points in constant currency, with gross margin expansion offsetting higher marketing expenses. Capital expenditures for Fiscal 2025 are projected to be $300 million to $325 million.
August 07, 2024 | 12:04 pm
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Ralph Lauren expects Q2 constant currency revenues to grow by 3% to 4%, with a negative impact from foreign currency. Operating margin is projected to expand by 80 to 120 basis points, driven by gross margin expansion. Capital expenditures for Fiscal 2025 are estimated at $300 million to $325 million.
The expected revenue growth and operating margin expansion are positive indicators for Ralph Lauren's financial performance. The negative impact of foreign currency is a concern but is outweighed by the overall positive outlook. The projected capital expenditures indicate continued investment in growth.
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