NYSE$RL

Ralph Lauren Corp · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Ralph Lauren reported a net loss for Q4 2020, impacted by COVID-19 and Hong Kong protests, but made progress on its Next Great Chapter plan before the crisis.

Ralph Lauren Corporation reported a decrease in revenue by 15% to $1.3 billion, and a net loss of $249 million, or ($3.38) per diluted share for the fourth quarter of Fiscal 2020. The results were impacted by adverse impacts related to COVID-19 and Hong Kong protest business disruptions.

  • Earnings per diluted share of ($3.38) on a reported basis and ($0.68) on an adjusted basis.
  • Revenue declined 15% to $1.3 billion on a reported basis.
  • Average unit retail increased 8% driven by ongoing brand elevation and quality of sales initiatives.
  • Maintained balance sheet strength with $2.1 billion in cash and investments.

Headline financials

Total Revenue

$1.27B

Previous: $1.51B-15.4%
EPS (adj)

-$0.68

Previous: $1.07-163.6%
Net Income

-$249M

Previous: $31.6M-888.0%
Operating Income

-$284M

Previous: $27.9M-1117.2%
Gross Profit

$594M

Previous: $902M-34.1%
Cash & Equivalents

$1.62B

Previous: $584M+177.4%
Total Assets

$7.28B

Previous: $5.94B+22.5%
Stock-Based Comp

$27.7M

Previous: $23.3M+18.9%

Revenue & EPS history

Ralph Lauren · Revenue · Quarterly

$1.27B

Q4 2020-15.4%vs Q4 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Ralph Lauren · $1.27B total across 4 segments · Q4 2020

  • North America
    $629M
  • Europe
    $353M
  • Asia
    $214M
  • Other
    $77.7M

Forward guidance

Due to the high level of uncertainty and evolving situation surrounding COVID-19, Ralph Lauren is suspending all future guidance. The company expects financial results for both periods to be significantly negatively impacted by the pandemic.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+1.3%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+2.6%

Avg return

30 days after

52%

36 / 69 earnings

Positive

+20.8%

Q2 2016

Best reaction

-24.5%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+12.6%+14.2%+25.2%
Q3 2026-4.5%+0.4%-4.6%
Q2 2026-0.6%+5.3%+16.3%
Q1 2026-6.4%-1.1%+3.0%
Q4 2025+1.1%+4.5%-3.5%
Q3 2025+9.7%+9.3%-6.6%
Q2 2025+7.0%+0.7%+10.9%
Q1 2025-2.0%-3.6%+4.8%
Q4 2024+5.6%+10.4%+11.2%
Q3 2024+18.9%+19.2%+19.6%
Q2 2024+3.3%+2.2%+16.7%
Q1 2024-5.5%-6.9%-9.0%
Q4 2023+4.2%+1.0%+10.5%
Q3 2023+1.0%+4.3%-3.2%
Q2 2023+15.7%+15.1%+19.1%
Q1 2023-5.6%-2.3%-6.9%
Q4 2022+3.0%+8.7%+2.6%
Q3 2022+4.4%+9.7%+2.1%
Q2 2022-5.2%-1.7%-8.2%
Q1 2022+4.4%+4.4%-0.4%
Q4 2021-7.6%-7.2%-13.4%
Q3 2021+3.1%+4.9%+16.2%
Q2 2021-10.0%-7.0%+18.4%
Q1 2021-1.7%-5.4%+6.4%
Q4 2020-1.7%-5.7%-16.8%
Q3 2020+8.2%+6.4%-4.5%
Q2 2020+12.8%+10.4%+10.7%
Q1 2020-6.3%-11.1%-20.9%
Q4 2019-2.2%-4.9%-4.8%
Q3 2019+10.1%+9.1%+7.7%
Q2 2019-6.9%-9.4%-20.4%
Q1 2019-5.2%-4.1%-3.0%
Q4 2018+15.6%+17.7%+11.7%
Q3 2018-3.9%-6.6%-6.9%
Q2 2018+1.4%-5.0%+6.9%
Q1 2018+11.4%+7.2%+13.6%
Q4 2017-4.8%-6.9%-0.9%
Q3 2017-12.8%-13.0%-8.7%
Q2 2017+4.8%+10.8%+6.7%
Q1 2017+14.3%+14.8%+6.0%
Q4 2016+1.2%
Q3 2016-24.5%
Q2 2016+20.8%
Q1 2016-2.5%
Q4 2015-1.1%
Q3 2015-17.0%
Q2 2015+3.2%
Q1 2015+1.0%
Q4 2014-3.1%
Q3 2014-1.3%
Q2 2014+0.9%
Q1 2014-6.2%
Q4 2013-3.8%
Q3 2013+8.0%
Q2 2013+1.4%
Q1 2013-3.0%
Q4 2009-0.0%
Q4 2012+2.5%
Q3 2012+9.8%
Q2 2012-4.9%
Q1 2012+8.9%
Q4 2011+10.2%
Q2 2011+10.2%
Q3 2010+9.7%
Q3 2011+9.7%
Q2 2010-5.5%
Q1 2011-5.5%
Q4 2010-5.5%
Q1 2010-5.5%

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