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Here's What Key Metrics Tell Us About Ralph Lauren (RL) Q1 Earnings
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Ralph Lauren (RL - Free Report) reported $1.5 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 0.4%. EPS of $2.34 for the same period compares to $1.88 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.48 billion, representing a surprise of +1.00%. The company delivered an EPS surprise of +8.84%, with the consensus EPS estimate being $2.15.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ralph Lauren performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic Net revenues- Other non-reportable segments: $36.80 million versus the three-analyst average estimate of $39.58 million. The reported number represents a year-over-year change of -8.5%.
Geographic Net revenues- Europe: $450.50 million versus the three-analyst average estimate of $414.22 million. The reported number represents a year-over-year change of +8.4%.
Geographic Net revenues- Asia: $377.50 million versus the three-analyst average estimate of $370.81 million. The reported number represents a year-over-year change of +13%.
Geographic Net revenues- North America: $631.70 million versus $649.19 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -9.9% change.
Geographic Net revenues- Asia- Wholesale: $25.40 million versus the two-analyst average estimate of $22.41 million. The reported number represents a year-over-year change of +25.7%.
Geographic Net revenues- Europe- Wholesale: $223.80 million compared to the $189.01 million average estimate based on two analysts. The reported number represents a change of +12.1% year over year.
Geographic Net revenues- Europe- Retail: $226.70 million versus the two-analyst average estimate of $230.82 million. The reported number represents a year-over-year change of +5%.
Geographic Net revenues- North America- Wholesale: $220.70 million compared to the $235.13 million average estimate based on two analysts. The reported number represents a change of -16.1% year over year.
Geographic Net revenues- North America- Retail: $411 million compared to the $405.66 million average estimate based on two analysts. The reported number represents a change of -6.1% year over year.
Net revenues- Licensing: $36.80 million compared to the $39.37 million average estimate based on two analysts.
Net revenues- Retail: $989.80 million compared to the $983.30 million average estimate based on two analysts.
Net revenues- Wholesale: $469.90 million versus the two-analyst average estimate of $446.54 million.
Shares of Ralph Lauren have returned -0.7% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Ralph Lauren (RL) Q1 Earnings
Ralph Lauren (RL - Free Report) reported $1.5 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 0.4%. EPS of $2.34 for the same period compares to $1.88 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.48 billion, representing a surprise of +1.00%. The company delivered an EPS surprise of +8.84%, with the consensus EPS estimate being $2.15.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ralph Lauren performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Net revenues- Other non-reportable segments: $36.80 million versus the three-analyst average estimate of $39.58 million. The reported number represents a year-over-year change of -8.5%.
- Geographic Net revenues- Europe: $450.50 million versus the three-analyst average estimate of $414.22 million. The reported number represents a year-over-year change of +8.4%.
- Geographic Net revenues- Asia: $377.50 million versus the three-analyst average estimate of $370.81 million. The reported number represents a year-over-year change of +13%.
- Geographic Net revenues- North America: $631.70 million versus $649.19 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -9.9% change.
- Geographic Net revenues- Asia- Wholesale: $25.40 million versus the two-analyst average estimate of $22.41 million. The reported number represents a year-over-year change of +25.7%.
- Geographic Net revenues- Europe- Wholesale: $223.80 million compared to the $189.01 million average estimate based on two analysts. The reported number represents a change of +12.1% year over year.
- Geographic Net revenues- Europe- Retail: $226.70 million versus the two-analyst average estimate of $230.82 million. The reported number represents a year-over-year change of +5%.
- Geographic Net revenues- North America- Wholesale: $220.70 million compared to the $235.13 million average estimate based on two analysts. The reported number represents a change of -16.1% year over year.
- Geographic Net revenues- North America- Retail: $411 million compared to the $405.66 million average estimate based on two analysts. The reported number represents a change of -6.1% year over year.
- Net revenues- Licensing: $36.80 million compared to the $39.37 million average estimate based on two analysts.
- Net revenues- Retail: $989.80 million compared to the $983.30 million average estimate based on two analysts.
- Net revenues- Wholesale: $469.90 million versus the two-analyst average estimate of $446.54 million.
View all Key Company Metrics for Ralph Lauren here>>>Shares of Ralph Lauren have returned -0.7% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.