Note: Ralph Lauren’s FY’23 ended on April 1, 2023
Ralph Lauren (NYSE: RL), a company engaged in the design, marketing, and distribution of premium lifestyle products, including apparel, accessories, fragrances, and home furnishings, is scheduled to report its fiscal second-quarter results on Wednesday, November 8. We expect Ralph Lauren stock to likely trade higher with both revenues and earnings beating expectations marginally. For Fiscal 2024, the company continues to expect revenues to increase approximately low single-digits compared to last year. For the second quarter, the company expects revenue to be flat to up slightly compared to Q2 2023. Operating margin for the second quarter is expected to be in the range of 9.5% to 10.0% on a reported basis. The company also set long-term sales and margin growth and presented a strategic growth plan titled “Next Great Chapter: Accelerate.” The company’s three-year financial outlook projects mid-to-high single-digit revenue compounded annual growth.
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