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Ralph Lauren's Fashionable Finish To FY24: Sales Rise, Dividend Boosted, And New CFO On Board - Ralph Lauren (NYSE:RL)

Ralph Lauren reported a 2% year-on-year increase in fourth-quarter FY24 sales to $1.568 billion, surpassing the analyst estimate of $1.563 billion. Global direct-to-consumer comparable store sales grew by 6%. The company's gross profit reached $1 billion with a margin of 66.6%. Operating income soared 168% to $107.8 million. Adjusted EPS of $1.71 beat the consensus estimate of $1.66. ....

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