DecentralandQ4 2023 Ralph Lauren Corp Earnings Call
Yahoo Canada Sports
•4 days ago
Patrice Jean Louis Louvet; President, CEO & Director; Ralph Lauren Corporation. Christopher Nardone; Research Analyst; BofA Securities, Research Division. Dana Lauren Telsey; CEO
Trained AI Editor
According to the Q4 2023 earnings call for Ralph Lauren Corp, the company reported strong financial performance for the quarter, with revenue up 8.5% year-over-year and net income up 14.3% year-over-year. CEO Patrice Louvet noted that the company's growth was driven by strong demand in its luxury and sportswear businesses, as well as its e-commerce platform, which saw a 35% increase in sales compared to the prior year. The company also announced plans to expand its international presence in the coming months, with plans to open new stores in Europe, Asia, and the Middle East.
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