Ralph Lauren Corporation (RL) reported robust fiscal fourth-quarter results on Thursday, with revenue reaching $1.97 billion, a 16% year-over-year increase, significantly surpassing analyst estimates of $1.84 billion. The company’s adjusted earnings per share were $2.80, an increase of 23% compared to the previous year, beating expectations of $2.52.
Key performance highlights included a 17% rise in direct-to-consumer comparable sales and a 28% surge in revenue from Asia, including a notable over 50% increase in sales from China. Following these results, Ralph Lauren raised its quarterly dividend by 10% to $1.00 per share. The company projects a full-year FY27 revenue growth of 4%-5% and anticipates mid-to-high single-digit sales growth for the first quarter.
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