Ralph Lauren Corp. (RL) has reported an impressive increase in its fourth-quarter earnings, surpassing analysts' expectations. The company recorded a net income of $90.7 million, or $1.38 per share, compared to $32.3 million, or $0.48 per share, in the same period last year.
When excluding one-time items, Ralph Lauren Corp.'s adjusted earnings amounted to $111.8 million, or $1.71 per share, outperforming the average analyst estimate of $1.66 per share as compiled by Thomson Reuters.
Revenue for the quarter experienced a modest increase of 1.9%, reaching $1.57 billion, up from $1.54 billion in the previous year.
Summary of Ralph Lauren Corp. Earnings (GAAP):
- **Earnings (Q4):** $90.7 million vs. $32.3 million last year
- **EPS (Q4):** $1.38 vs. $0.48 last year
- **Revenue (Q4):** $1.57 billion vs. $1.54 billion last year
