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February 4, 2022updated 20 May 2022 7:13am

Ralph Lauren reports 27% increase in third-quarter revenues

The retailer expects its fourth-quarter revenue to grow by roughly 17% to 18% on a constant-currency basis.

US-based luxury fashion company Ralph Lauren has reported a 27% growth in its fiscal 2022 (FY22) third-quarter (Q3) revenue to $1.8bn on a reported basis, representing a 28% increase in constant currency.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
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The company said the strong performance was due to growth across all its regions, with its Q3 revenues in North America, Europe and Asia up by 30%, 47% and 16% respectively.

During the quarter, revenues for the company’s digital ecosystem grew by more than 40%, including an increase of more than 30% in its owned digital commerce growth.

Ralph Lauren’s gross profit for the quarter was $1.2bn and its gross margin was 66.0% on both a reported and adjusted basis.

Its earnings per diluted share (EPS) for Q3 was $2.93 and its net income stood at $218m, while its adjusted EPS amounted to $2.94.

Ralph Lauren president and CEO Patrice Louvet said: “We were pleased to report strong third-quarter performance during the important holiday season.

“Our better-than-expected results across all three regions are a testament to the outstanding work our teams have done to fundamentally reposition our business, elevate our brand and pivot to offence – including in North America, where our turnaround is well underway.

“With our significant reset work behind us, we are encouraged that our long-term growth is supported by multiple engines – from geographic and channel expansion to recruiting new high-value consumers and developing high-potential product categories.”

Ralph Lauren said that it expects its fourth-quarter (Q4) revenue to grow by around 17% to 18% in constant currency compared with last year.

The company’s full-year revenue is expected to increase by roughly 39% to 41% compared with last year on a 53-week reported basis.

In November last year, Ralph Lauren reported a 26% increase in revenues to $1.5bn on a reported basis for Q2 2022, a better result than had been predicted.

Revenues from the company’s operations in North America, Europe and Asia were up by 30%, 38% and 14% respectively.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.