(Finance) – Ralph Laurena US company active in the design, marketing and distribution of luxury lifestyle products, reported a earning per share of $1.38 on a reported basis and $1.71 on an adjusted basis for fourth quarter of fiscal 2024. This compares to earnings per share of $0.48 on a reported basis and $0.90 on an adjusted basis for the fourth quarter of fiscal 2023.
“Our teams have made continued progress against our strategic and financial commitments in the second year of our Next Great Chapter: Accelerate plan,” he said Patrice LouvetPresident and Chief Executive Officer – Supported by the growing desirability of our brand and multiple growth drivers, this year’s performance highlights the strength of our long-term strategy, even as we navigate a highly dynamic global operating environment.”
For thefiscal year 2024i revenues rose 3% to $6.6 billion. L’Net income was $646 million, or $9.71 per share on a reported basis. On an adjusted basis, net income was $686 million, or $10.31 per share. This compares to net income of $523 million, or $7.58 per share on a reported basis, and net income of $576 million, or $8.34 per share on an adjusted basis for fiscal 2023.
“Looking ahead to the fiscal year 2025, let’s stay on the attack continuing to invest in our brand, our portfolio of iconic products and our consumer-centric ecosystems in major cities globally – added Louvet – This focus, combined with our culture of operational discipline, agility and dedication of our passionate teams will continue to fuel our sustainable growth and value creation into the future.”
(Photo: Hayffield L on Unsplash)