Ralph Lauren (RL) 2021 Q4 Financial Results Preview

Ralph Lauren Corp (NYSE:RL), founded in 1967, is a leading fashion retailer in the United States. The company owns multiple fashion and lifestyle brands. It is best known for its Polo shirts sold under one of its oldest brands named Polo Ralph Lauren. The company’s product portfolio ranges from apparel and jewelry to home furnishings and sportswear.

The New York-based fashion company recently announced better-than-expected financial results for the fourth quarter. Ralph Lauren reported a loss of 1.01 per share for the three months ended March 27, narrower than a loss of $3.38 per share in the comparable period of 2020. On an adjusted basis, the company reported earnings of 38 cents per share, versus a loss of 72 cents per share estimated by analysts.

Revenue for the quarter inched up 1 percent to $1.287 billion, helped by growth in Asia and Europe. Analysts on average were looking for revenue of $1.207 billion. On the bright side, digital sales in the quarter climbed 52 percent.

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Speaking on the results, CEO Patrice Louvet said in a statement, “This fiscal year, we fundamentally repositioned our company for long-term success – accelerating our digital and marketing capabilities, eliminating structural headwinds, focusing our brand portfolio and realigning our cost structure – all while continuing our brand elevation journey around the world. In the fourth quarter, our teams demonstrated incredible resilience, leading us to achieve better than expected operating results across all regions as our brand resonated with new and existing consumers. Looking ahead, even as the environment remains volatile, with the strength of our brand, our teams and operational position, we are confident in our ability to deliver sustainable long-term growth and value creation in Fiscal 2022 and beyond.”

Looking forward, Ralph Lauren expects its revenue to grow in the range of 140 percent to 150 percent for the first quarter.

See also Most Expensive Fashion Brands In the World.