Ralph Lauren’s Q4 results beat expectations, but revenue growth is expected to slow this quarter

Glonghui, May 22｜Ralph Lauren announced that fourth-quarter revenue reached $1.98 billion, a year-on-year increase of 17%, exceeding analysts’ average estimate of $1.85 billion. Adjusted earnings per share rose from $2.27 in the same period last year to $2.80, surpassing analysts’ expectation of $2.55. At constant exchange rates, comparable store sales in North America, Europe, and Asia grew by 16%, 5%, and 25% respectively. Ralph Lauren expects revenue to increase by a mid- to high-single-digit percentage year-on-year at constant exchange rates this quarter, while analysts expect $1.84 billion.