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Have you been paying attention to shares of Ralph Lauren (RL) ? Shares have been on the move with the stock up 26.8% over the past month. The stock hit a new 52-week high of $175.4 in the previous session. Ralph Lauren has gained 21.4% since the start of the year compared to the 1.8% move for the Zacks Consumer Discretionary sector and the -3.5% return for the Zacks Textile - Apparel industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed o ...

Editor's note: Seeking Alpha is proud to welcome Division One Dividend as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » mizoula Investment Thesis Based on my research, I think Ralph Lauren Corporation (NYSE:RL) is a hold currently. The company has been facing challenges recently such as declining financials and a stagnant stock price despite the market gro ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Shares of Ralph Lauren (RL 16.79%) rose 16.8% on Thursday after the fashion and apparel company announced strong quarterly results.Ralph Lauren had a fantastic holiday seasonFor its fiscal third-quarter 2024 (ended Dec. 30, 2023), Ralph Lauren's quarterly revenue grew 6% year over year (5% at constant currency) to $1.934 billion. That translated to a 24% increase in adjusted (non-GAAP, or generally accepted accounting principles) net income to $275 million, or $4.17 per share. Analysts, on average, were onl ...

Key TakeawaysThe S&P 500 gained less than 0.1% on Thursday, Feb. 8, 2024, after solid earnings from Disney and renewed AI-fueled optimism in the semiconductor industry.Ralph Lauren shares soared after the designer clothing firm reported robust quarterly results, boosted by a strong holiday season and high-profile publicity.Facing a transition period, PayPal issued lackluster guidance, and its shares tumbled.Major U.S. equities indexes posted minor gains on Thursday, boosted by several strong earnings report ...

China’s broader economy may be struggling, but that doesn’t seem to be stopping consumers there from splurging on more luxury clothes.Inflation data out of China on Thursday showed that prices in January dropped a “concerningly low” 0.8% from a year ago, the biggest drop since the tail-end of the financial crisis in the fall of 2009 and the fourth straight month of declines.And despite a bounce this week, China’s benchmark stock index, the SSE Composite CN:510210, has fallen 5.1% so far in 2024 — continuing ...

Ralph Lauren Corporation (RL) has posted impressive third-quarter fiscal 2024 results, wherein the top and bottom lines beat the Zacks Consensus Estimate. Results have gained from robust demand and brand strength. The company has been on track with its Next Great Chapter: Accelerate plan.RL has reported adjusted earnings per share of $4.17 for the fiscal third quarter, surpassing the Zacks Consensus Estimate of $3.53. Also, the bottom line increased 24% year over year.Net revenues grew 6% year over year to ...

Financial Data and Key Metrics Changes - The company reported a 5% total revenue growth in Q3, exceeding expectations, driven by strong double-digit growth in Asia and holiday outperformance in Europe [34][33] - Adjusted operating profit and double-digit EPS growth were achieved, with total company adjusted gross margin expanding 130 basis points to 66.5% [42][33] - Total DTC penetration expanded approximately 400 basis points compared to last year, contributing to the top line growth [34] Business Line Data and Key Metrics Changes - Core products, representing about 70% of the business, grew low double digits in the quarter, outperforming total company growth [18][20] - Women's category, identified as a significant long-term growth opportunity, saw elevated assortment with average unit retail (AUR) up mid-teens [21][20] - The outlet channel showed healthy improvement, with positive comps driven by product elevation and enhanced selling experiences [45][94] Market Data and Key Metrics Changes - Asia led growth with a 17% revenue increase, particularly strong in China where sales increased more than 30% [51][28] - North America revenue was approximately flat to last year, with retail comps increasing 5% [45][34] - Europe experienced a 6% revenue increase, with retail comps up 11% [48][34] Company Strategy and Development Direction - The company is focused on three strategic pillars: elevating the lifestyle brand, driving core products, and winning in key cities with a consumer ecosystem [12][12] - Continued investment in direct-to-consumer channels is emphasized, which now represent about two-thirds of company sales [24][71] - The company plans to open approximately 250 new stores over a three-year horizon, maintaining a focus on top cities globally [90][91] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining momentum despite a volatile backdrop, citing resilience built into their approach [69][72] - The outlook for fiscal '24 anticipates constant currency revenues to increase low single digits, with a focus on cautious management of the wholesale channel [56][60] - The company expects gross margin expansion driven by favorable freight costs and continued growth in AUR, despite ongoing cotton cost headwinds [58][60] Other Important Information - The company returned approximately $425 million to shareholders through dividends and share repurchases year-to-date [40] - Net inventory decreased 15%, indicating strong sales performance and healthy wholesale inventories [53][54] - The company was named one of Forbes World's Best Employers in 2023, reflecting its commitment to citizenship and sustainability [30] Q&A Session Summary Question: Maintaining Momentum in a Volatile Backdrop - Management highlighted resilience in their approach, focusing on brand investment and a broad portfolio of iconic products to drive desirability across regions [69][70] Question: Constraints on Operating Margin Target - Management remains committed to a 15% constant currency operating margin, emphasizing agility in navigating a volatile environment [76] Question: North America Wholesale Performance - Management noted a cautious outlook for North America wholesale, with expectations of more balance between sell-out and sell-in in the future [80][81] Question: Direct-to-Consumer Business Enthusiasm - Management expressed strong enthusiasm for the direct-to-consumer business, highlighting successful store openings and consumer engagement [83][90] Question: Fourth Quarter Gross Margin Drivers - Management indicated that cotton costs would transition to a tailwind, contributing positively to gross margins in the fourth quarter [100][101] Question: Impact of Operating Margin Next Year - Management expects favorable dynamics for operating margin expansion, driven by a more balanced focus between sell-in and sell-out [104]

For the quarter ended December 2023, Ralph Lauren (RL) reported revenue of $1.93 billion, up 5.6% over the same period last year. EPS came in at $4.17, compared to $3.35 in the year-ago quarter.The reported revenue represents a surprise of +3.71% over the Zacks Consensus Estimate of $1.86 billion. With the consensus EPS estimate being $3.53, the EPS surprise was +18.13%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...