BMO Capital Reiterates Underperform Rating on Ralph Lauren (RL)
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Ralph Lauren Reports Fourth Quarter and Full Year Fiscal 2024 Results Ahead of Expectations; Provides Initial Outlook for Fiscal 2025
May 23, 2024 8:01 AM EDTFourth Quarter and Full Year Revenue Exceeded Expectations, with Fourth Quarter Revenue Up 2% on a Reported Basis and 3% in Constant Currency and Full Year Fiscal 2024 Revenue Up 3% in both Reported and Constant Dollars Global Direct-to-Consumer Comparable Store Sales Increased 6% in Both the Fourth Quarter and Full Year, Driven by Continued Brand Elevation with Double-Digit Growth in Average Unit Retail ("AUR") and Full-Price Retail Performance Delivered Fourth Quarter Gross and Operating Margin Expansion Above Our Outlook; Reported Full Year Operating Margin at the High End of Our Expectations and Initial Guide at the Start of Fiscal... More
Ralph Lauren Announces Finance Leadership Changes
May 23, 2024 8:01 AM EDTJustin Picicci named Chief Financial Officer
Jane Nielsen to remain Companys Chief Operating Officer through end of Fiscal 2025
NEW YORK--(BUSINESS WIRE)-- Ralph Lauren Corporation (NYSE: RL) announces the appointment of Justin Picicci as Chief Financial Officer (CFO), effective today. Jane Nielsen, who joined the Company as CFO in 2016 and has served as CFO and Chief Operating Officer (COO) since 2019, will remain the Companys COO, continuing to lead key operational and strategy functions through the end of Fiscal 2025 (year ending March 29, 2025). Piciccis... More
