Ralph Lauren: Earnings Growth Encouraging, But Revenue Performance A Concern (NYSE:RL) | Old North State Wealth News
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Ralph Lauren: Earnings Growth Encouraging, But Revenue Performance A Concern (NYSE:RL)

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Investment Thesis: I revise my rating on Ralph Lauren from Buy to Hold.

In a previous article back in August, I made the argument that Ralph Lauren (NYSE:RL) has the capacity to see further upside going

Apr 1, 2023 Mar 30, 2024 Growth (%)
North America 655.6 667.7 1.85%
Europe 460.8 469.2 1.82%
Asia 390 394.3 1.10%
Other non-reportable segments 34.4 36.7 6.69%
Total net revenues 1540.8 1567.9 1.76%

Apr 1, 2023 Mar 30, 2024
Total current assets 3324.1 3359.8
Prepaid expenses and other current assets 188.7 171.9
Inventories 1071.3 902.2
Total current liabilities 1493.5 1467.2
Quick ratio 1.38 1.56

Apr 1, 2023 Mar 30, 2024
Long-term debt 1138.5 1140.5
Total assets 6789.5 6602.6
Long-term debt to total assets ratio 16.77% 17.27%

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