Ralph Lauren reported fiscal fourth-quarter profit of $151.6 million, topping Wall Street expectations as revenue of $1.98 billion came in above forecasts and adjusted earnings reached $2.80 per share.
In Ralph Lauren’s fiscal fourth quarter, the bottom line landed with a clear beat—profit of $151.6 million—at a time when expectations were already running tight.
The New York-based company reported net income of $151.6 million. On a per-share basis, Ralph Lauren said it earned $2.45. After adjusting for non-recurring costs, the company posted $2.80 per share.
Those results came in ahead of Wall Street’s target. The average estimate from six analysts surveyed by Zacks Investment Research called for earnings of $2.52 per share.
Revenue also exceeded forecasts. Ralph Lauren said it brought in $1.98 billion in the period. Five analysts surveyed by Zacks Investment Research had expected $1.85 billion.
The sequence mattered: profit and earnings per share came in above estimates. and the revenue figure did as well—leaving less room for investors to argue the quarter’s strength was driven by something narrow. Instead. the numbers lined up across the income statement. with both the company’s reported net income and its adjusted per-share figure clearing expectations.
Ralph Lauren’s fiscal fourth-quarter snapshot now gives investors a straightforward takeaway: the company’s results beat Wall Street on earnings and revenue, with adjusted earnings reaching $2.80 per share on revenue of $1.98 billion.
Ralph Lauren fiscal fourth quarter profit earnings per share revenue Wall Street expectations Zacks Investment Research