Ralph Lauren (RL) FY2023 results: revenue $6.4 billion, up 3.6% on the year
Ralph Lauren Corp. (RL) reported revenue of $6.4 billion for fiscal 2023, the year ended 1 April 2023, up 3.6% on the year before. Net income was $523 million, down 12.9%, and diluted earnings per share $7.58. The figures are the company's own, from the 10-K it filed with the SEC on 25 May 2023.
Revenue
$6.4 billion
+3.6% on the year
FY2016FY2023
Operating margin
10.9%
12.8% a year earlier
FY2016FY2023
Net income
$523 million
-12.9% on the year
FY2016FY2023
Diluted EPS
$7.58
-6.1% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
411
716
381
-42.6%
Capital expenditure
218
167
108
+30.3%
Free cash flow
194
549
273
-64.8%
Free cash flow margin
3.0%
8.8%
6.2%
Cash from investing
472
-718
195
Cash from financing
-1,209
-666
357
Depreciation and amortisation
220
230
248
-4.0%
Share-based compensation
75.5
81.7
72.7
-7.6%
Buybacks
489
493
37.7
-0.8%
Dividends paid
198
150
49.8
+32.2%
Dividend per share
$3.00
$2.75
$0.00
+9.1%
Diluted shares, weighted
69m
74m
74m
-7.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,430
2,536
2,604
-4.2%
Debt
1,138
1,636
1,633
-30.4%
Operating lease liabilities
1,141
1,132
1,294
+0.8%
Finance lease liabilities
315
342
370
-7.7%
Other liabilities
1,764
2,079
1,985
-15.1%
Total liabilities and equity
6,790
7,725
7,888
-12.1%
Fixed assets
956
970
1,014
-1.4%
Goodwill
899
909
935
-1.1%
Intangible assets
88.9
103
121
-13.6%
Investments
36.4
735
198
-95.0%
Cash and equivalents
1,529
1,864
2,579
-17.9%
Receivables
448
405
452
+10.4%
Inventory
1,071
977
759
+9.6%
Other assets
1,762
1,762
1,831
-0.1%
Total assets
6,790
7,725
7,888
-12.1%
10-K for the year ended 1 April 2023, filed 25 May 2023: the filing.