(CercleFinance.com) – Ralph Lauren publishes a turnover of $1,934 million for the 3rd quarter of its 2024 fiscal year (i.e. Oct-Nov-Dec 23), up 5.5% compared to the same period. period one year earlier.
Operating income was up 12%, to $317 million, while quarterly net profit stood at $276 million (+28%), representing an EPS of $4.25, up 30%.
Over the entire financial year, Ralph Lauren recorded a 3% increase in its activity, with turnover of $5,063 million, and net profit up 13%, to $555 million, revealing an EPS of 8 $.48, up 18%.
‘These results highlight the diversity of our strategic growth drivers across the world,’ commented Patrice Louvet, CEO.
For fiscal 2024, the Company continues to expect revenue to increase on a constant currency basis, around 2%, compared to 1% to 2% previously.
The Company continues to expect operating margin for fiscal 2024 to increase by approximately 30 to 50 basis points at constant currency, or between 12.3% and 12.5%, driven by the expansion of the gross margin.
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