US fashion firm Ralph Lauren’s revenue increases 3% to $6.6 bn in FY24

Ralph Lauren reported a 3 per cent revenue increase in FY24, reaching $6.6 billion.
North America revenue fell 2 per cent, while Europe and Asia grew 7 per cent and 10 per cent, respectively.
Gross profit was $4.4 billion with a 66.8 per cent margin.
Net income was $646 million, or $9.71 per share.
In Q4 FY24, revenue increased 2 per cent to $1.6 billion.Ralph Lauren reported a 3 per cent revenue increase in FY24, reaching $6.6 billion.
North America revenue fell 2 per cent, while Europe and Asia grew 7 per cent and 10 per cent, respectively.
Gross profit was $4.4 billion with a 66.8 per cent margin.
Net income was $646 million, or $9.71 per share.
In Q4 FY24, revenue increased 2 per cent to $1.6 billion.