Ralph Lauren (RL) FY2024 results: revenue $6.6 billion, up 2.9% on the year
Ralph Lauren Corp. (RL) reported revenue of $6.6 billion for fiscal 2024, the year ended 30 March 2024, up 2.9% on the year before. Net income was $646 million, up 23.6%, and diluted earnings per share $9.71. The figures are the company's own, from the 10-K it filed with the SEC on 23 May 2024.
Revenue
$6.6 billion
+2.9% on the year
FY2017FY2024
Operating margin
11.4%
10.9% a year earlier
FY2017FY2024
Net income
$646 million
+23.6% on the year
FY2017FY2024
Diluted EPS
$9.71
+28.1% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,070
411
716
+160.3%
Capital expenditure
165
218
167
-24.2%
Free cash flow
905
194
549
+367.6%
Free cash flow margin
13.6%
3.0%
8.8%
Cash from investing
-257
472
-718
Cash from financing
-666
-1,209
-666
Depreciation and amortisation
229
220
230
+3.9%
Share-based compensation
99.5
75.5
81.7
+31.8%
Buybacks
450
489
493
-8.0%
Dividends paid
195
198
150
-1.9%
Dividend per share
$3.00
$3.00
$2.75
0.0%
Diluted shares, weighted
66m
69m
74m
-3.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,450
2,430
2,536
+0.8%
Debt
1,140
1,138
1,636
+0.2%
Operating lease liabilities
1,014
1,141
1,132
-11.1%
Finance lease liabilities
256
315
342
-18.8%
Other liabilities
1,742
1,764
2,079
-1.3%
Total liabilities and equity
6,603
6,790
7,725
-2.8%
Fixed assets
850
956
970
-11.0%
Goodwill
888
899
909
-1.2%
Intangible assets
75.7
88.9
103
-14.8%
Investments
121
36.4
735
+232.4%
Cash and equivalents
1,662
1,529
1,864
+8.7%
Receivables
446
448
405
-0.3%
Inventory
902
1,071
977
-15.8%
Other assets
1,656
1,762
1,762
-6.0%
Total assets
6,603
6,790
7,725
-2.8%
10-K for the year ended 30 March 2024, filed 23 May 2024: the filing.