Ralph Lauren (RL) posts impressive fourth-quarter fiscal 2024 results. Net revenues increase 2% year over year.
Ralph Lauren reported higher quarterly earnings than expected, posted a year-over-year sales increase, and unveiled changes to its executive team. On Thursday, the luxury apparel company reported adjusted earnings of $1.71 a share for its fiscal fourth quarter, topping analysts’ consensus forecast for $1.67 a share, according to FactSet. Ralph Lauren’s board of directors increased quarterly dividends by 10% to about 83 cents per share, lifting the annual payout to $3.30 a share.